Atlassian moves into AI browsers with $610 million purchase of The Browser Company
Workplace collaboration and productivity tool maker Atlassian has agreed to acquire The Browser Company, the developer of Arc and Dia, in a deal valued at around $610 million in cash. The transaction is expected to close in the second quarter of Atlassian’s 2026 fiscal year, subject to the usual regulatory approval and closing conditions. The acquisition will reportedly be funded in cash from Atlassian’s balance sheet.
The deal will bring The Browser Company’s two products under Atlassian’s umbrella. Arc has drawn interest as an alternative to Chrome, while Dia is described as an AI-powered browser designed for work. Neither product is particularly well known, but Atlassian wants to transform Dia into a tool that changes how knowledge workers interact with SaaS applications.
Arc browser is dead and I won’t miss it
The Browser Company has officially admitted what many of us suspected for a long time; Arc wasn’t the future of browsers. In a lengthy blog post, the company tried to put a polished spin on its decision to abandon Arc in favor of its new AI product, Dia. But let’s be honest here: Arc never lived up to the hype, and it’s baffling how much praise it received to begin with.
Sure, the tech press fawned over Arc like it was some kind of design breakthrough. But for anyone who actually tried to use it as their daily browser, the experience was clunky, confusing, and just not very good. It asked too much of users and gave back too little. Novelty for novelty’s sake is not innovation. And quite frankly, Arc proved that.