Diligence memo · auto-generated · as of July 2, 2026
OpenRouter, Inc.
OpenRouter, Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
OpenRouter, Inc. operates in Other, based in NEW YORK.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
OpenRouter, Inc. has raised $30M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $30M on 2025-05-27.
Most recent recorded round closed around 2025-05-27.
Valuation (modeled)modeled
Provath models OpenRouter, Inc. at approximately $147M (range $74M–$221M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.73× the median modeled value of Series B Other companies in 2025–2027 (207 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 13 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 89% of Other peers (25015 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Acorn Sim Investor Holdings, LLC, Aircapture, Inc., Bathhouse Holdings Inc., Chlorum Solutions USA LLC, Olympus Pines LLC.
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.