OpenRouter raises $113M to own the switchboard between every AI model
Read this because The bet isn't a model — it's the layer above all of them. OpenRouter sells optionality: route to whatever model is best/cheapest, lock into none. The tell is the cap table — Nvidia plus Snowflake, Databricks, MongoDB, ServiceNow all want a seat at the routing layer.
OpenRouter raised a $113M CapitalG-led Series B at ~$1.3B (May 26) — routing 100T tokens/month across 400+ models for 8M+ users.