Atlassian is shifting into the crowded AI-powered browser market. On Sept. 4, the enterprise software program large introduced that it has agreed to accumulate The Browser Firm in an all-cash deal price $610 million.
New York-based The Browser Firm is the startup behind the Arc and Dia browsers. The deal is anticipated to shut in Atlassian’s fiscal second quarter, ending in December.
The announcement comes only a day after a U.S. court docket dominated towards forcing Google to divest Chrome after discovering it held a monopoly within the search market.
“At present’s browsers weren’t constructed for work, they have been constructed for searching,” stated Mike Cannon-Brookes, Atlassian’s CEO and cofounder, in a press release. “This deal is a daring step ahead in reimagining the browser for data work within the AI period. Collectively, we’ll create an AI-powered browser optimized for the various SaaS purposes dwelling in tabs—one which data employees will love to make use of daily.”
Atlassian claims to have over 300,000 clients—together with greater than 80% of the Fortune 500—and can be capable to introduce Dia to hundreds of thousands of latest customers by way of the acquisition.
The Browser Firm CEO, Josh Miller, stated in a publish on X that the corporate will function independently beneath Atlassian and proceed improvement of Dia. The AI browser was launched final yr after Arc’s improvement was paused. In the meantime, Atlassian goals to combine productivity-focused instruments into its enterprise suite, and Arc will proceed to be supported through the transition.
Based in 2019, The Browser Firm was valued at $550 million in 2024. Its traders embody Atlassian Ventures, Salesforce Ventures, LinkedIn cofounder Reid Hoffman, and Figma co-founder Dylan Discipline. Different gamers, together with Perplexity and OpenAI, have additionally introduced plans to roll out AI-driven browsers.
In August, The Info reported that The Browser Firm explored acquisition talks with each Perplexity and OpenAI.
Elsewhere, Perplexity provided Google $34.5 billion in money for Chrome after a court docket discovered that Google held a search monopoly final yr, and the Justice Division proposed a Chrome divestiture as a treatment.
