Most Series A rounds raise $20 to $40 million. Hark just raised $700 million, and the product is still in stealth.
The company, founded by Figure.AI and Archer founder Brett Adcock, said Thursday it had closed a $700 million Series A at a $6 billion post-money valuation. That price tag would be unusual for a five-year-old startup with a working product, let alone a six-month-old one that has not shipped one.
Parkway Venture Capital led the round, and nearly every chip and cloud heavyweight in the US wrote a check.
The investor list is the story. Nvidia, AMD Ventures, Intel Capital, Qualcomm Ventures, Salesforce Ventures, Brookfield, ARK Invest, Greycroft, Prime Movers Lab, Align Ventures, and Tamarack Global all joined the round.
That is the entire silicon supply chain plus a software platform and a couple of long-only growth funds, all backing the same idea. The bet is that personal AI eventually needs dedicated hardware to be truly useful, the same way the iPhone made the mobile internet usable.
Adcock himself seeded Hark with $100 million of his own money in late 2025. He has a track record of writing big checks early, having turned Figure into a high-profile humanoid robotics company and Archer into a publicly traded electric aircraft maker.
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What Hark has said publicly is narrow. The company is building an "agentic" AI system meant to act as a universal interface across the apps, devices, and services a person already uses.
The first product is software, with multi-modal AI models due this summer, and hardware coming later. Hark currently runs a data center built around Nvidia B200 GPUs and employs around 70 people, with plans to grow to 200.
The director of design is Abidur Chowdhury, a former Apple product executive who declined to share details. He pointed out that most consumer-facing AI today is built for developers and coders, telling TechCrunch, "I haven't seen anything that feels like something that will really help the normal person."
The first checkpoint is the model release this summer, which will be the first time outsiders see what Hark actually does. The harder question is the hardware, since wearable AI devices like Meta's existing glasses still have not solved the awkward problem of giving an AI assistant context about your life without making everyone else in the room uncomfortable.
Chowdhury was asked how Hark plans to square that circle, and he smiled and did not answer. A $6 billion valuation says investors think he eventually will.
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