The Browser Company Arc Raises $50M Led by Pace Capital, Valued at $550M
• The Browser Company raised $50M at a $550M valuation in a round led by Pace Capital • The company makes the Arc web browser and has raised $128M to date from high-profile tech investors • Arc aims to reinvent web browsing with features like command bar navigation and AI-powered search • Critics have questioned Arc's AI features and their potential impact on web traffic and publishing • The company is working on an AI agent to browse the web for users but faces challenges in getting users to switch browsers and finding a route to monetization