Atlassian has acquired The Browser Co., a startup that offers a web browser with artificial intelligence for US$610 million (A$935.9 million).
The deal is expected to be closed in Atlassian’s second fiscal quarter, which ends in December.
According to The Browser Co. CEO, Josh Miller, the company will remain independent, and it will continue to develop one of its web browsers, Dia.
Atlassian’s CEO and co-founder, Mike Cannon-Brookes, said this deal will be a “bold step forward” in “reimagining” browsers for the work and AI era.
“Together, we’ll create an AI-powered browser optimised for the many SaaS applications living in tabs – one that knowledge workers will love to use every day,” he said in a statement.
Last year, The Browser Co. raised US$50 million in a funding round led by Pace Capital at a US$550 million valuation.
So far, the startup has raised US$128 million across multiple rounds with other investors including LinkedIn’s Jeff Weiner, Medium’s Ev Williams, Figma’s Dylan Field, Notion’s Akshay Kothari, and GitHub’s Jason Warner.
This comes after AI startup, Perplexity, which offered Google US$34.5 billion for Chrome, talked with The Browser Co. about a possible acquisition last year, according to The Information. The report also said the Browser Co. was in talks with OpenAI.
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