None
EN
Stripe’s OpenRouter Bid 70 Times Company’s Annual Revenue
[]
News Archives | PYMNTS.com
Last week saw reports that Stripe is considering buying artificial intelligence startup OpenRouter for $10 billion.
If the deal goes through at that amount, Stripe would be paying roughly 70 times OpenRouter’s annualized revenue, The Information reported Wednesday (July 29), citing an unnamed source.
OpenRouter is generating roughly $140 million in annualized revenue, a three-fold increase since April, the report said.
“With a roughly 70% gross profit margin, OpenRouter was near the level of high-performing, publicly traded software firms in that regard,” the report said.
For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.