Last Updated: 21 May 2026
Hark, an AI lab focused on building personalized intelligence systems, has closed a Series A round of over $700 million at a post-money valuation of $6 billion. The company was founded by Brett Adcock, who previously built Figure AI, a humanoid robotics company, and co-founded Archer Aviation and Vettery, a recruiting platform that sold for approximately $100 million.
Most AI assistants today have no memory of past conversations and no awareness of your habits or preferences. They also run on devices like phones, laptops, and speakers that were designed long before AI became capable of anything close to real reasoning. That gap between what AI can now do and what today's devices allow it to do is what Hark is trying to close. The global AI hardware market is forecast to grow from $31.21 billion in 2025 to $88.44 billion by 2030, a compound annual growth rate of 23.1%, as more companies move to build hardware specifically for AI workloads.
The Series A was oversubscribed and led by Parkway Venture Capital. Other participants include NVIDIA, Align Ventures, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Prime Movers Lab, Qualcomm Ventures, Salesforce Ventures, and Tamarack Global.
Most technology companies working in AI pick one area to focus on. Some build models, some write software, some manufacture devices. Hark is doing all three at once, treating the model, the software, and the hardware as parts of a single integrated product. The company draws comparisons to how Apple develops its chips and operating system together, rather than building each one independently.
The core problem Hark is trying to solve is that today's AI lives inside chat windows on devices that were not built for it. There is no memory that carries over between sessions. There is no hardware designed to support natural, voice-based interaction at the level Hark is describing. The company's position is that fixing this requires controlling the full product, from the underlying model to the physical device it runs on.
Before going public, Hark operated quietly, funded by $100 million of Adcock's own money, according to early reporting on the company. By the time of its public launch, the team had grown to around 70 people, drawn from AI research, hardware engineering, infrastructure, and consumer electronics design.
The funding will go toward model development, hardware production, and continued hiring. Hark plans to release its AI platform later this summer, giving users early access to AI models that are agentic and multimodal. Agentic means the models can take actions on a user's behalf, not just answer questions. Multimodal means they can process and respond across different types of input, such as text, voice, and images.
"We're building the AI that everyone deserves but no one has built yet — one that actually knows you, speaks your language, is highly personalized, and lives on hardware made for you. This funding helps us put that in people's hands quickly and at scale."
Brett Adcock, Founder & CEO of Hark
Hardware will follow the software launch. Hark has secured a new NVIDIA B200 data center to train its next generation of models. The hardware devices the company is developing are designed to work specifically with Hark's own models, rather than being general-purpose devices with AI features added on top.
Hark came out of stealth in March 2026. Adcock founded the company with the stated goal of building what he describes as a universal interface between humans and machines, combining AI models with purpose-built hardware to create a platform that interacts through speech, vision, and memory.
Adcock has a track record in deep technology. Figure AI, which he founded, reached a $39 billion valuation and developed humanoid robots designed to perform physical tasks. He also co-founded Archer Aviation, which is developing electric aircraft that take off and land vertically. According to early coverage of the company, some Hark models are already being used to improve Figure's robots, and the two companies share a campus.
The AI Hark is building will remember past interactions, act on the user's behalf, and anticipate what the user might need before they ask. These are not features found in most consumer AI products today, which tend to treat each conversation as a fresh start.
Parkway Venture Capital, a New York-based firm founded in 2019, led the round. Parkway focuses on deep tech, AI, and advanced hardware, and has backed Adcock before: the firm also led Figure AI's $1 billion Series C. The broader investor group includes several prominent semiconductor and infrastructure names. NVIDIA and Qualcomm Ventures both participated, as did Intel Capital. Rounding out the group are Align Ventures, AMD Ventures, ARK Invest, Brookfield, Greycroft, Prime Movers Lab, Salesforce Ventures, and Tamarack Global.
