An open-source LLM tool archived itself overnight. The founder says most of the $7.3M is unspent (github.com)
The $7.3M seed closed in 2024 and was only announced in 2025, and the team spent less than half of it before deciding to wind down. This is a deliberate stop, not a money fire.
The repo's selling line, that it fueled '~1% of global LLM API spend,' is the claim engineers prodded hardest, alongside a colder verdict: an LLM gateway has no moat when anyone can rebuild it in a weekend.
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