CapitalG

🏔️ The view’s better from up here! Grafana Labs just crossed $600M in ARR and 10,000 customers worldwide. We’re also fresh off our third straight year as a Leader in the Gartner® Magic Quadrant™ for Observability Platforms — and our second year furthest for Completeness of Vision. This milestone belongs to a much bigger story. Every contributor, every customer, every dashboard, every pull request, and every deployment helped get us here. To our community and the 10,000+ teams who trust us with their most critical systems: thank you for making the climb with us. Here's to the next horizon. Read more from Business Insider: https://lnkd.in/gsXeRSYY

Huge congratulations to the OpenRouter team for building one of the most important and beloved AI infrastructure companies, and for joining forces with another wildly important and beloved infrastructure company, Stripe. When we led OpenRouter’s Series B, we held a strong belief that the future would be one of wild proliferation of models, model providers, and inference providers. When we imagined what would be true in that world we were pretty sure of three things. First, gateways would become a critical part of every developer stack. Second, there would be a lot of competing gateways (there already were a few!). And third, the “CFO reckoning” was coming for AI spend. At the time, many companies were bragging about their token spend as something to maximize. Teams had live dashboards in the office of who could burn the most tokens. Employees had set up bots to burn tokens in order to look good for promotions. It was clear to us that token spend was not the metric to optimize in the long-term, tasks completed and value added would be. Effective routers and enterprise tooling would be critical for individuals and enterprises to earnestly harness the power of this new technology to drive the right metrics and business outcomes. So with a world view that this was critical infrastructure, but there would likely be many competitors, how did we know that OpenRouter was going to win? First, OpenRouter had created gravity. It was the absolute default and favorite place for developers. Its data was already cited everywhere. OpenRouter had built the best and most elegant product, they were the most active in the community, and the most wonderful team for all the relevant partners to work with. This is a best in breed purchase, and a market where volume itself becomes an advantage. Volume begets more volume, so the team that is able to create that gravity creates momentum that is hard to catch up to. Second, the team is just fantastic. After every single meeting with the OpenRouter team Mo and I would turn to each other and say “we have to work with these guys!” Investing is a crazy wonderful job in that you get to choose who you work with. Finding a way to work with Alex, Chris, and Louis became our mission. And we knew we weren’t the only ones who would feel that way. They are the team that developers, partners, and exceptional talent are all deeply drawn to. This is part of what makes OpenRouter so magical. Another type of gravity. Joining Stripe will only accelerate OpenRouter in pursuit of their mission. Stripe, like OpenRouter, is a neutral platform that is expert in handling extreme volume, and has earned the trust and love of the communities they serve. I cannot wait to see what you both do together. Thank you Alex, Chris, and Louis for letting us be part of your journey. The best is yet to come! 🚀

When CapitalG led OpenRouter’s Series B earlier this year, our thesis was rooted in a belief that generational platform shifts create unique opportunities for critical infrastructure to power those shifts. In the same way that Stripe built the rails for digital payments on the internet, we believed that OpenRouter was solving the critical infrastructure gap for multi-model AI inference. Today, Stripe announced that it has agreed to acquire OpenRouter, bringing together the leading unified interface for every AI model with the leading provider of economic infrastructure for the internet. What OpenRouter has built in a relatively short amount of time is truly remarkable. OpenRouter was founded in 2023 and since then has seen at least 10x growth in inference volume every year. Today, OpenRouter processes 10Tn+ tokens every day for more than 10M developers. The unprecedented growth trajectory that they’re on is ultimately a testament to Alex Atallah, Chris Clark, and Louis Vichy’s incredible leadership, technical vision, and commercial execution. We also could not be more excited about OpenRouter’s future and fit with Stripe. As long-time investors in Stripe, CapitalG has had a front row seat to their relentless dedication to increasing the GDP of the internet by abstracting complex infrastructure for developers. As AI agents and applications become central to modern software, inference spend is rapidly becoming a primary driver of digital commerce. Pairing Stripe’s billing, payments, and financial rails with OpenRouter’s routing layer and access to AI models and AI developers establishes a truly comprehensive economic and operational foundation for the emerging AI-native economy. It has been a tremendous privilege to partner with the entire OpenRouter team, and we can’t wait to see what you build together with Stripe. Once again, huge congratulations again to Alex, Chris, Louis, and the teams at OpenRouter and Stripe! CC: Jane Alexander, Judy Tsai, Lani Adedoyin

Today, Bedrock Robotics announces the first-ever fully autonomous excavators working entirely on their own on commercial construction sites. In partnership with Sundt Construction, Champion Site Prep, Inc., and Zachry Construction Corporation, Bedrock-equipped machines are performing earthwork across three large-scale projects in Texas and Nevada. This matters because America’s ability to reindustrialize depends on its ability to build: factories, energy facilities, water systems, data centers, new housing, and the roads that connect it all. But the nation’s construction capacity has become a primary strategic bottleneck. Major projects routinely face substantial schedule and cost overruns, and the persistent labor gap is still widening. The physical backbone of the American economy depends on an industry that is being asked to do more with less. Autonomous systems offer a path to expand our building capacity by multiplying the impact of every crew. We’re giving contractors and their teams new tools to build more of what America needs, with greater safety, speed, and predictability. We started with excavators, but Bedrock’s mission extends far beyond a single machine type. It's about creating a new layer of autonomous orchestration for the equipment that shapes our world. I’m so grateful to the many team members that have brought their unique expertise to this mission and to our close partners that have shown the trust in us to build this future together. We’re so excited about the adventure ahead!

Today, we announced that we crossed $7B in revenue run-rate, growing over 80% year over year. We also shared: 📊 $100M+ revenue run-rate for Lakebase 📈 $1.5B+ revenue run-rate for Lakehouse, growing over 100% YoY 💰 Continued positive adjusted free cash flow And we raised $5B in our latest fundraise. Thank you to Coatue, Blackstone, MGX, T. Rowe Price, and Sixth Street Growth for leading this round.  We’ll use this capital to invest in: • Lakebase, our serverless Postgres database built for AI agents • Genie, our AI coworkers that actually understand your business data • Unity AI Gateway, our multi-AI governance solution that helps control costs Victor Dey shares more in Forbes: https://lnkd.in/gcdhCYvW