Hark states that the funding will expand GPU infrastructure, increase headcount, and support AI-native hardware as record 2026 fundraising highlights rising investor demand for AI compute and vertically integrated systems.
Hark said it completed a Parkway Venture Capital-led Series A round of $700 million at a $6 billion valuation, with backing from NVIDIA, AMD Ventures, Intel Capital, Qualcomm Ventures, Salesforce Ventures and other investors. Founder and CEO Brett Adcock said the capital will be used to scale GPU infrastructure, expand the team from 70 to 200 engineers, and develop new AI hardware focused on “personal intelligence” with memory and vision. The company says it is pursuing a vertically integrated approach that combines AI models with purpose-built hardware and plans to release AI-native devices for personal and home use. The announcement comes as AI fundraising accelerated sharply, with PitchBook reporting $255.5 billion raised globally in Q1 2026, exceeding the full-year 2025 total of $254.4 billion.