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Atlassian to Buy The Browser Company for $610 Million to Advance AI Browser for Work

Atlassian has agreed to acquire New York-based startup The Browser Company, known for its AI-powered browsers, in a cash transaction valued at $610 million, with the acquisition anticipated to finalize during the second quarter of Atlassian's fiscal year 2026.
The deal follows The Browser Company's last year valuation of $550 million and its shift from Arc, a customizable browser, to focusing on Dia, an AI-assisted browser aimed at knowledge workers.
Atlassian CEO Mike Cannon-Brookes indicated the plan aims to reinvent the browser as a SaaS and AI-optimized platform that better connects apps, tabs, and tasks for professional users.
Cannon-Brookes noted that current browsers, designed primarily for browsing, do not adequately support many of the tasks users perform within them. He highlighted the goal of integrating Arc’s SaaS capabilities, Dia’s AI and streamlined design, and Atlassian’s enterprise expertise to enhance the browser experience.
The Browser Company will continue developing Dia independently under Atlassian, with no expected material impact on Atlassian’s earnings until 2028, signaling a long-term strategic investment.

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