Hark raises $700M+ Series A for AI-dedicated device, valued at $9B

Hark raises $700M+ Series A for AI-dedicated device, valued at $9B

Hark, founded by Figure AI CEO Brett Adcock, has raised over $700 million in a Series A round led by Parkway Venture Capital with participation from NVIDIA, AMD, Intel, Qualcomm, Salesforce, and ARK Invest. The round was oversubscribed and values the company at approximately $9 billion. Hark is building a vertically integrated stack — foundation model, software, dedicated hardware, and user interface — aimed at creating a 'personalized AI' that continuously understands and remembers each user, distinct from today's chatbot paradigm.

This raise is a landmark in the emerging AI-dedicated device segment, signaling that investors are betting on a post-smartphone form factor purpose-built for persistent, context-aware AI interaction. Hark's strategy mirrors the full-stack ambition that has defined the foundation-model wars, but shifted to the hardware layer — competing directly with OpenAI's reported device project with Jony Ive, Meta's smart glasses push, and Apple's wearable AI efforts. With $700M+ in a single Series A, Hark enters a capital-intensity bracket usually reserved for model labs, adding a new player to the device-ecosystem map.

The speed and scale of this round — from zero to a $9B valuation in roughly one year — echoes the fastest-ARR-ramp pattern observed in AI infrastructure companies, but here applied to hardware. Hark's differentiation claim is that the device must feel indispensable, like losing a day's memory if misplaced. Whether that resonates with consumers or remains a niche will determine if the capital-compression arc of hardware AI follows the same trajectory as foundation-model scale-ups. The involvement of every major silicon vendor suggests the play is as much about compute substrate lock-in as product vision.