Hark, founded by Figure AI CEO Brett Adcock to build AI-powered devices, raised a $700M+ Series A led by Parkway Venture at a $6B post-money valuation
Entrepreneur Brett Adcock's new startup Hark has secured over $700 million in a funding round that values the artificial intelligence …
Context & Ripple Effects
Hark’s financing extends Parkway Venture’s recent backing of Brett Adcock-linked AI hardware efforts: the firm also led Figure’s $1B-plus Series C, which valued the humanoid-robot startup at $39B after a sharp increase from its 2024 valuation.
The related coverage shows capital concentrating around AI businesses that pair ambitious product claims with large early rounds, from robotics hardware to video software and cybersecurity agents. Hark matters as another unusually well-capitalized attempt to turn AI into deployed devices rather than a software-only service.
First-order effects
- Hark gains more than $700M of runway to hire, develop and commercialize AI-powered devices, while Parkway becomes the central financial backer of another Adcock-founded company.
- The $6B post-money valuation establishes a high financing and execution benchmark for Hark before its devices’ market position is described in the corpus.
Second-order effects
- Other AI-device and robotics startups will face a better-funded competitor for technical talent, component supply and investor attention, particularly where Parkway’s Figure relationship overlaps with Hark’s ambitions.
- Large early checks for AI hardware can encourage investors to assess device startups on their ability to secure capital and operational capacity, not only on model capabilities or early software revenue.
Third-order effects
- If repeat financings of this scale continue, AI commercialization may become more bifurcated: a small group of hardware companies with deep capital can fund the costly path from models to physical products, while less-funded peers face a harder route to scale.
- The pattern also raises governance and portfolio-overlap questions for investors backing multiple AI-device ventures tied to the same founder, though the corpus does not establish how Hark and Figure will compete or collaborate.
The trend: This is one data point in the shift from funding AI models and applications toward financing the capital-intensive hardware layers needed to put AI into real-world operations.