OpenRouter to Sell to Stripe

Cleary Gottlieb is representing OpenRouter Inc. (OpenRouter) in its announced sale to Stripe LLC (Stripe).

The transaction was announced on August 19, 2026. The terms of the transaction were not publicly disclosed.

OpenRouter is a leading AI infrastructure company that operates a unified API gateway, providing developers with access to over 400 AI models through a single interface. OpenRouter has built a platform that helps businesses dynamically evaluate each request, routing it to the optimal model based on task complexity, price, speed, and reliability, and is used by NVIDIA, Zoom, Lovable, and others.

Stripe is a global financial infrastructure platform that provides payment processing, billing, tax compliance, and fraud detection tools for the world’s fastest-growing businesses, including the vast majority of companies developing and building with AI.

For more information, please see the announcement.

The Cleary M&A team includes partners Charles Allen and Benet O’Reilly, senior attorney Michael Saliba, and associates Megha Vyas, Moliang Jiang, and Daniel Nam. Partners Swift Edgar and Maureen Linch and associate Jack Samuel are advising on tax matters. Partners Alan Levine and Amanda Toy and associates Ariel Adler, John Greenberg, and Jisoo Park are advising on executive compensation and employee benefits matters. Partners Marcela Robledo and Daniel Ilan and associates Melissa Faragasso, Natalie Curry, Christine D’Alessandro, and Ariana Croll are advising on intellectual property and data privacy matters. Partner Puja Patel and associates Eun Joo Hwang and Edward Chung are advising on antitrust matters. Partner Lillian Tsu and associate Marc Chien are advising on securities law matters.