Atlassian is acquiring The Browser Company

The strategic insight behind Arc was perfect – your browser IS the Operating System, and so we should build a browser that can function as that platform.

Arc had pretty good market validation with early adopters, they say that growth was flattened out but IMO that's normal for most products, and it's up to the company to find out WHY growth flattened and then solve that problem. Not kill the product and chase some entirely new idea about AI.

I wouldn't be surprised if the investors were fed up with the business and wanted out, pretty good exit all things considered.

Spent more money on marketing + steve jobs cosplaying than building a browser that is better than chrome but had zero revenue for years to show for it.

They betted on the possibility that OpenAI or Perplexity would buy them. With the Google monopoly suit not requiring them to sell Chrome after all, there was no reason to raise any more money as they continued to lose money.

That looks like an exit on terrible terms, like Humane and HP.