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Harry Stebbings describes OpenRouter as one of the most remarkable stories in technology. The company, co-founded by OpenSea founder Alex Atallah, has rapidly become a key player in the AI sector. According to Stebbings, OpenRouter has scaled to hundreds of millions in revenue and is noted for being highly profitable.
The company reportedly processes 25 trillion tokens every week.
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Stebbings has previously reported on major deals in the sector, including Airtable's $1.285 billion acquisition and a $3.5 billion funding round for Moonshot AI. He has also highlighted valuations in SaaS, noting that Wix was valued at $2.1 billion despite generating $2.1 billion in annual recurring revenue. These observations reflect a continued focus on large-scale growth and profitability.