AI startup Hark raises $700 million at $6 billion valuation

NVIDIA Corporation
Archer Aviation
QUALCOMM Incorporated
Intel Corporation
Advanced Micro Devices, Inc.

NVIDIA Corporation

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Archer Aviation

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QUALCOMM Incorporated

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Intel Corporation

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Advanced Micro Devices, Inc.

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- AI startup Hark raised over $700 million in an early-stage funding round at a $6 billion valuation post-money, the company said on Thursday.

The company makes customized AI software that integrates with hardware devices and assists users with daily tasks and digital workflows across different data types.

Here are some details about the deal:

  • The funding round was oversubscribed and led by Parkway Venture Capital.

  • The venture arms of Nvidia NVDA.O, AMD AMD.O, Intel INTC.O, Qualcomm QCOM.O and Salesforce CRM.N participated in the round, as did investment firms Brookfield BN.TO, Align Ventures, Greycroft and ARK Invest.

  • The funding is expected to support Hark’s development of personalized AI capabilities and new hardware; the company says it is building integrated systems combining foundation models, hardware and user interfaces to enable autonomous tasks while maintaining user memory.

  • Hark said it plans to roll out its AI models later this summer, giving users early access to its personal AI platform. The company will introduce AI-native hardware devices designed for these models later.

  • Tech-focused investment bank Qatalyst Partners advised Hark on this transaction. Hark was founded by entrepreneur Brett Adcock, who has also founded startups such as aerospace firm Archer Aviation and robotics company Figure AI.