The prominent cooperative software company Atlassian on Thursday put forward its plans to acquire the Browser Co. The acquisition of the company is supposed to be done for approximately $610 million in cash. This acquisition price is considered standard for transactions of this nature. It consists of the existing cash reserves that are held by The Browser Co.
Founded in 2019 by Josh Miller and Hursh Agrawal, The Browser Co. is a startup noted for creating the AI-driven Dia and Arc browsers. According to Crunchbase, the business has successfully obtained $68 million in financing from a range of investors. It includes BoxGroup, Pace Capital, and NextView in New York, co-founder and CEO Dylan Field of Figma, Atlassian Ventures, and Ventures.
Crunchbase predicted a very likely acquisition for The Browser Co.; CNBC reported that OpenAI and Perplexity had both also displayed interest in buying the company. In a blog post, Mike Cannon-Brookes, who is the co-founder and co-CEO of Atlassian, headquartered in Australia, stated that the aim of this purchase is to focus on a browser which is intended for the general public.
By welcoming The Browser Company to Atlassian, it creates one specifically suited for the demands of knowledge workers in the Artificial Intelligence (AI) era. “Today’s browsers weren’t built for work, they were built for browsing,” he noted. This vision includes characteristics like a browser packed with artificial intelligence (AI) skills and a user-owned working memory to connect the dots between apps, tabs, and tasks.
Also check out The Browser Company’s $20 monthly subscription plan for AI-powered browser Dia.
2025 has witnessed an exponential increase in the startup industry in terms of mergers and acquisitions. Crunchbase figures reveal that acquirers made more than $100 billion in disclosed-price startup purchases during the first half of 2025. This demonstrates a remarkable 155% rise over the equivalent period last year, which shows that consumers are more willing to spend significant sums for extremely desirable companies.
