Atlassian said it has agreed to acquire The Browser Company Co., a startup that offers a web browser with artificial intelligence features, for $610 million in cash, CNBC reported.
The companies aim to close the deal Atlassian’s fiscal second quarter, which ends in December.
Established in 2019, The Browser Co. has gone up against some of the world’s largest companies, including Google, with Chrome, and Apple, which includes Safari on its computers running MacOS.
The startup debuted Arc, a customizable browser with a built-in whiteboard and the ability to share groups of tabs, in 2022. The Dia browser, a simpler option that allows people to chat with an AI assistant about multiple browser tabs at once, became available in beta in June.
Atlassian co-founder and CEO Mike Cannon-Brookes said he sees shortcomings in the most popular browsers for those who do much of their work on computers.
TechCrunch reported: Productivity software maker Atlassian has agreed to acquire The Browser Company, which makes the Arc and Die browsers, for $610 million in cash.
“Today’s browsers weren’t built for work; they were built for browsing. This deal is a bold step forward in reimagining the browser for knowledge work in the AI era,” said Mike Cannon-Brooks, Atlassian’s CEO and co-founder, said in a statement.
“Together, we’ll create an AI-powered browser optimized for the many SaaS applications living in tabs – one that knowledge workers will love to use every day,” he added.
The Browser Company’s CEO Josh Miller, said on a post on X that his company will operate independently under Atlassian and will continue to develop Dia, the browser started working on last year after deciding to stop development of its previous browser, Arc.
Miller said the deal would allow The Browser Company to hire and ship features faster and support multiple platforms.
The deal is expected to close in the second quarter of Atlassian’s fiscal year 2026.
Endgadget reported: The Browser Company — the maker of Arc and AI-centric Dia browsers — is set to have a new owner. Atlassian is buying it for around $610 million in an all-cash deal, which it expects to close in the second quarter of its fiscal year 2026.
According to The Browser Company, it will continue to operate independently as it builds Dia. A private beta for the browser started in June. Arc, a well-regarded browser on which the company as ended active development, and Arc Search will stick around, and a long-term plan for those will be revealed n the near future.