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OpenRouter secures $40 million in funding; AI model market valued at $500 million
[Coin World][AI Model Marketplace Platform OpenRouter Secures $40 Million in Funding, Led by a16z and Others] AI model marketplace platform OpenRouter announced the completion of a $40 million seed and Series A funding round, with the company’s valuation at approximately $500 million. This round of funding was led by Andreessen Horowitz and Menlo Ventures, with participation from Sequoia and several well-known industry investors. The funds will be used for product development, introducing new model types, and expanding enterprise support.