What Helicone is in August 2026
Helicone is an LLM observability platform with a gateway attached. The core is real open source: the main monorepo is Apache-2.0 with about 6,000 GitHub stars, and you can run it self-hosted or use the hosted US and EU regions. At acquisition the team reported 16,000 organizations and 14.2 trillion tokens processed over three years. That is proven scale, and the one-line integration that made it popular still works.
The acquisition is where any 2026 evaluation has to start. On March 3, 2026, Mintlify acquired Helicone. Helicone's own announcement says services stay live "in maintenance mode": security updates, new model support, and bug fixes continue, and Mintlify offers to help customers migrate to another platform. Maintenance mode means feature development has stopped. The public record matches. The changelog's last entry is November 26, 2025, and the standalone Rust ai-gateway repo has been idle since November 21, 2025 — its final commit relicensed it from Apache-2.0 to GPL-3.0.
Where Helicone is genuinely strong
Request-level observability is Helicone's home turf, and it is better at it than we are. One integration line gets you full request and response bodies, session traces, per-user analytics, cost breakdowns, an SQL-like query language (HQL), prompt management, datasets, evals, and a playground. TrustedRouter keeps metadata-only analytics by design; we do not offer a comparable debugging surface.
The pricing is transparent and generous: a free tier of 10,000 requests per month, Pro at $79/month with unlimited seats, usage-based overage pricing, and startup and student discounts. The cloud gateway's pass-through billing credits are priced at 0% markup with only payment processing fees, though as of August 2026 the credits page still gates access behind a waitlist. Because the platform is Apache-2.0, self-hosting is a genuine escape hatch, with on-prem deployment on the Enterprise plan.
Three differences that decide it
Logging by default, or no durable logs
Helicone's premise is capturing prompts and completions; bodies are logged by default, since that is what the dashboards, evals, and HQL run on. Per-request opt-outs exist (Helicone-Omit-Request and Helicone-Omit-Response), and they do stop storage, but Helicone's own docs note the content is still sent to their backend. Keeping payloads out entirely requires async logging with content tracing off, which takes the gateway out of the request path. Retention is plan-gated: 7 days free, 1 month at $79, 3 months at $799.
TrustedRouter inverts the default. Ordinary synchronous and streaming prompt paths do not touch persistent storage: no durable prompt or output logs. We retain operational metadata — request ids, model and provider, token counts, latency, cost, region, API-key hash. Batch is a separate opt-in mode with enclave-encrypted retention up to 30 days. Exact wording is on our privacy page.
How you verify the privacy claim
Helicone's trust model is source plus policy: Apache-2.0 code you can self-host, and documented SOC 2 compliance, with "SOC-2 & HIPAA compliance" sold as a feature of the $799/month Team plan and above. TrustedRouter's is different in kind: api.trustedrouter.com runs inside trusted execution environments on GCP Confidential Space, AWS Nitro Enclaves, and Azure Confidential Containers, and live attestation endpoints at trust.trustedrouter.com bind the running gateway to published source and release digests. The boundary, stated plainly: attestation covers our gateway build. Downstream model providers are covered by cited, hand-audited retention policy tiers, except the trustedrouter/e2e routes, which only reach providers running their own confidential compute with end-to-end encryption. See /security.
Fees on different bases
Do not compare the fee numbers directly; the bases differ. Helicone charges for the platform: plan fees from $0 to $799/month plus usage-based per-request overage, while its gateway credits are priced at 0% markup on inference itself (waitlist-gated as of August 2026). TrustedRouter charges no plan or seat fee; prepaid text and embeddings bill the provider's token price plus 5.5%, with a $0.01 per million token floor. BYOK is supported, and we publish no separate BYOK fee. Per-route prices are listed on /models and full terms on /pricing.
What we do not claim
- Our gateway and control plane are source-available under BUSL-1.1, converting to Apache-2.0 four years after each release. Helicone's monorepo is OSI open source today. Every line that touches your prompt is public; our SDKs are Apache-2.0 or MIT.
- We publish no SOC 2 or HIPAA certification as of August 2026. Helicone documents SOC 2 compliance.
- Our repos have been public since late April 2026. Helicone shipped for three years and processed 14.2 trillion tokens before entering maintenance mode. Our track record is short; our status page and monthly benchmark reports are where it accrues.
- We do not replace request-level observability. If full-body logs, sessions, and evals are the job, we are the wrong tool on our own.