Two months out of stealth, the founder of Figure and Archer has a chip-and-model stack and a chip-and-model-stack-sized cheque to match.
Hark, the AI hardware company that Brett Adcock began funding out of his own pocket late last year, has raised more than $700m in a Series A that values it at $6bn, according to Bloomberg.
The round closed roughly two months after Hark emerged from stealth, and lands the company in the upper tier of AI-hardware bets before it has shipped a product.
Parkway Venture Capital led the round. The investor list reads like a Who’s Who of the chip and cloud stack: Nvidia, AMD Ventures, Intel Capital and Qualcomm Ventures all wrote cheques, as did Salesforce Ventures, Brookfield, ARK Invest, Greycroft, Prime Movers Lab, Align Ventures and Tamarack Global. Several of those names sit on more than one side of the AI hardware question, which is part of the point.
Adcock founded Hark in late 2025 with $100m of his own money, after a run of founding companies that are now public, acquired, or among the better-funded private operators in their respective categories.
