OpenRouter, a three‑year‑old marketplace that lets enterprises route requests to hundreds of AI models, disclosed a fresh financing round of $113 million on Tuesday. The round was led by CapitalG, Alphabet’s growth arm, and pushes the startup’s post‑money valuation to roughly $1.3 billion, more than double last year’s level. The cash comes as demand for multi‑model solutions spikes.

The platform now handles about 25 trillion tokens weekly, up from five trillion six months earlier, illustrating the rapid growth of the token economy. By aggregating more than 400 providers—including open‑source offerings from Chinese firms DeepSeek and Tencent as well as Anthropic’s Claude 4.7 Opus—OpenRouter helps firms avoid vendor lock‑in and trim inference costs.

CapitalG’s participation reflects the firm’s belief that a model‑agnostic gateway will become a core infrastructure layer for AI‑driven products. Other backers include Nvidia, ServiceNow, MongoDB, Snowflake, Databricks, Andreessen Horowitz and Menlo Ventures, signalling broad tech‑sector confidence. Competitors such as Vercel also offer model selection, but OpenRouter’s scale gives it superior data on usage patterns.

OpenRouter plans to deploy the new capital on engineering hires and expanded product suites, aiming to capture more of the $200 billion AI spending wave. By simplifying model procurement, it reduces the risk of runaway inference bills that have already exhausted budgets at firms like Uber. The latest round cements its position as the go‑to AI routing layer.