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Ramp has launched Router, a service that allows companies to use multiple large language models and switch between them through an API, with tools for selecting a model based on cost, performance, or request difficulty. The service is currently available only in the United States and is free through the end of 2026, excluding inference costs.
Stripe confirmed its acquisition of OpenRouter in a deal that sources told The New York Times is worth $7.5 billion. The details suggest that the goal is not limited to gaining access to a platform for routing requests among AI models, but extends to understanding spending on tokens and influencing capital flows within the AI economy.
Data from the Ramp platform shows that Anthropic’s share of companies’ paid AI subscriptions surpassed OpenAI’s in May, despite escalating tensions with the Trump administration and the withdrawal of its latest models from the market. An economist at Ramp believes the controversy could give the company an additional halo among customers, while its impact on a potential public offering remains unclear.
Enterprise expense management platform Ramp raised $750 million in new funding, lifting its valuation to $44 billion, as the company expands its services to include payments, procurement, accounting, and management of artificial intelligence usage costs.