Atlassian to buy The Browser Company in USD610m deal
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The news: Productivity software developer Atlassian has agreed to acquire maker of the Arc and Dia web browsers, The Browser Company, thrusting the firm into the competitive AI-driven browser market.
The numbers: Atlassian will acquire The Browser Company for approximately USD610 million ($937.5 million) in cash, inclusive of The Browser Company’s cash balance. The deal will be funded through cash from Atlassian’s balance sheet and is expected to close in the second quarter of its fiscal year 2026, the companies said in a press release.
The context: CEO of The Browser Company, Josh Miller, said via X that his company will continue to operate independently from Atlassian, and will continue developing its Dia browser after it dropped development of its previous browser product, Arc, last year.
Miller said that the deal will mean the company can “hire faster, ship faster, and bring Dia to more people. We can now invest in cross-platform support and secure syncing, train custom AI models designed specifically for Dia, and turn ambitious ideas about “computer use” and “memory” into reality.”
The Browser Company reached a USD500 million valuation in a USD50 million raise in March 2024, and has so far raised a total of USD128 million across multiple rounds.
What they said: Atlassian’s CEO and co-founder Mike Cannon-Brookes said via LinkedIn: “Today's browsers weren't built for work, they were built for browsing. We're on a mission to create an AI-powered browser, optimised for the many SaaS applications living in tabs. A browser that knowledge workers will love to use every day.”
The sources: Atlassian press release, Atlassian blog, Tech Crunch, Reuters
