Hark, an AI lab founded by serial entrepreneur Brett Adcock, announced on May 20 that it raised more than $700 million in Series A funding, valuing the company at $6 billion after money — before a device has been publicly shown. Parkway Venture Capital led the round, and a syndicate of strategic chip investors including NVIDIA, AMD Ventures, Intel Capital, and Qualcomm Ventures joined, Hark said.
The raise, roughly 1 trillion won, ranks among the largest pre-revenue Series A rounds on record. It reflects faith in Brett Adcock’s track record and a bet that AI-native hardware will become the next major platform after the smartphone. Yet Hark’s plans stay deliberately vague, leaving investors to back a product that has not been publicly shown.
An SEC Form D filed in March for Hark Labs Inc. outlined a $1 billion offering, but only $50 million had been sold at that time. TechCrunch and SiliconANGLE separately reported that Adcock launched Hark in late 2025 with $100 million of his own money, a figure the Series A press release did not confirm. The investor syndicate also includes ARK Invest — whose venture fund lists Hark Labs — Brookfield, Greycroft, Prime Movers Lab, and the venture arms of several technology companies. Intel Capital later reposted Hark’s announcement, corroborating its involvement.
Adcock, who founded humanoid robotics company Figure AI and co-founded electric aviation firm Archer Aviation, publicly introduced Hark only in March 2026, describing a vision of personalized AI paired with bespoke hardware. His reputation was likely pivotal in pulling together such a large round.
Hark said it is simultaneously developing foundation models, software systems, and native hardware. The company described its approach as pairing personalized AI with bespoke devices, a broad vision evoking a category beyond smartphones and smart glasses. Hark said it plans to release its AI platform and models in summer 2026, with hardware to follow; the startup has grown to about 70 employees and will train next-generation models at a new data center equipped with NVIDIA B200 chips.
No public demonstration of a device or specific product details have emerged, leaving investors to rely on general statements. The secrecy amplifies both the ambition and the risk.
Hark’s round arrives amid a surge in pre-product mega-fundings. Safe Superintelligence and Thinking Machines Lab have raised billions, and OpenAI is collaborating with designer Jony Ive on a new AI device. The presence of NVIDIA, AMD, Intel, and Qualcomm in Hark’s backer list suggests the semiconductor industry views AI-native devices as a way to anchor future chip demand and potentially build supply relationships.
The company has no public product demonstration, no revenue, no disclosed customers, and the $6 billion valuation is self-reported, without an independent audit. NVIDIA, AMD, Qualcomm, and Salesforce have not issued their own press releases; Intel Capital confirmed its participation via a repost, and ARK Invest lists Hark Labs as a portfolio holding. The financing structure and terms remain unknown. A separate SEC filing for an SPV does not correspond to the round’s total, and the $100 million self-funding figure has not been confirmed by Hark.
Hark said it will open its AI platform this summer, giving investors the first practical test of its capabilities. Whether the hardware that follows can convert early enthusiasm into commercial success will determine the venture’s trajectory, and the startup will need to show it can deliver on its highly capitalized vision.