Hark Labs announced Thursday that it secured more than $700 million in a Series A financing round, which places the company at a $6 billion post-money valuation. The round was oversubscribed and led by Parkway Venture Capital, the company said.
Among the investors who took part in the financing were ARK Venture Fund, NVIDIA, Align Ventures, AMD Ventures, Brookfield, Greycroft, Intel Capital, Prime Movers Lab, Qualcomm Ventures, Salesforce Ventures, and Tamarack Global.
Hark is developing artificial intelligence systems intended for enterprise deployment and to support operational workflows. The company described its approach as vertically integrated, encompassing foundation models, software systems, hardware, and user interfaces to produce personal intelligence products.
The funding is earmarked to advance work on personalized intelligence and to build hardware intended to act as an interface between humans and machines. Hark said the capital will help accelerate getting those products into users’ hands quickly and at scale.
"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," said Brett Adcock, Founder and CEO of Hark.
Hark has indicated plans to release its AI models later this summer, offering access to its personal AI platform initially via software. The company then intends to roll out hardware devices designed specifically for those systems.
Below is a concise account of what the financing and Hark’s roadmap mean in practical terms:
- Scale of financing - A significant Series A that signals sizable investor support for Hark’s integrated software-hardware strategy.
- Strategic investor mix - Involvement from chipmakers and enterprise software venture arms suggests alignment between model development and the hardware and infrastructure needed to run those systems.
- Product timetable - Hark has set a near-term target to release models this summer, followed by hardware introductions.