Hark, the AI hardware startup founded by Figure.AI and Archer Aviation founder Brett Adcock, announced a $700 million Series A on May 21 at a $6 billion post-money valuation. Parkway Venture Capital led. Participants included Nvidia, AMD Ventures, Brookfield, Intel Capital, Qualcomm Ventures and Salesforce Ventures. Adcock launched Hark in late 2025 with $100 million of his own money. The company now has 70 employees and operates a data center stocked with Nvidia B200 GPUs. It says it will release its first multimodal models this summer and follow with purpose-built hardware devices.
The product framing is deliberately vague — Hark describes itself as building a 'universal interface between humans and machines.' Translated, that means foundation models plus consumer hardware, in the same lineage as Humane's Pin or Rabbit's R1 but with materially more capital and an experienced operator at the helm. Adcock's previous companies — Figure on humanoid robots, Archer on eVTOL aircraft — both went from concept to commercial pilots inside three years, which is the kind of track record that justifies an unusually large first round.
The investor list is the more interesting signal. Nvidia, AMD, Intel and Qualcomm rarely all show up on the same cap table — they are competitors at the chip level. Their participation suggests Hark intends to remain hardware-agnostic, and that each of those investors wants a seat at whatever device category emerges. Salesforce's check points at enterprise distribution. The composition reads less like a venture round and more like a strategic consortium.
Takeaway for learners: 'Series A' used to mean a few million dollars to validate product-market fit. $700 million is a different animal — it is a bet that AI hardware will produce another category-defining device the way the iPhone did. Most such bets will fail. But the strike price for being early to the winner is so high that even sophisticated investors will fund several attempts in parallel. If you are tracking the AI device race, watch what Hark ships this summer — and what it costs.