About Hark
Hark is a personal artificial intelligence company founded in late 2025 by Brett Adcock, who also founded the robotics company Figure. It is building a personal AI platform that pairs in-house foundation models, software and native hardware with new interfaces. The aim is an assistant that listens and talks naturally, understands vision, keeps persistent memory and becomes more personalised over time. The company plans consumer devices that connect to AI services over cellular networks without needing a smartphone or Wi-Fi, and it has a connectivity partnership with a major US mobile carrier. It develops its own multimodal models and hardware and also offers the Hark app on mobile platforms. Revenue is expected to come from device sales and software subscriptions, and the company is backed by technology investors.
Founded
2025
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$6B (May 2026)
Hark Valuation
Hark is currently valued at $6B, based on its Series A in May 2026. Read the announcement ↗
The $700M round was led by Parkway Venture Capital, with participation from Align Ventures, NVIDIA, Salesforce Ventures, Qualcomm Ventures, Prime Movers Lab and 9 other investors.
Hark valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2026 | Series A | $6B |
Hark Funding History
Hark has raised a total of $700M across 2 funding rounds.
Hark's first fundraising round was a $700M Series A in May 2026. The most recent completed round was a strategic investment round in August 2026.
Hark funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Strategic investment | AT&T (lead) | - | - | AT&T is investing in Hark as part of a strategic partnership announced in August 2026 to bring next-generation AI-native consumer devices to market. The collaboration covers device certification and network connectivity, and Hark said AT&T’s infrastructure will support its AI platform and hardware as it seeks to become a leader in personalized consumer intelligence. The transaction fits into Hark’s broader fundraising and commercialization push after its $700 million Series A at a $6 billion post-money valuation in May 2026, which was led by Parkway Venture Capital with participation from major technology and strategic investors. The August 2026 AT&T investment appears to be a follow-on strategic investment rather than a standalone priced round, and no separate deal value was disclosed in the announcement. Hark is an AI lab focused on personalized intelligence and AI-native hardware, with plans to develop models, software systems, and new user interfaces for consumer devices. |
| May 2026 | Series A | Parkway Venture Capital (lead); Align Ventures; NVIDIA; Salesforce Ventures; Qualcomm Ventures; Prime Movers Lab; FJ Labs; Greycroft; AMD Ventures; ARK Investment Management; Apex Capital Holdings; Adam E. Gordon; Brookfield Growth; Intel Capital; Tamarack Global | $700M | $6B | Hark raised more than USD 700 million in a Series A round announced in May 2026, at a post-money valuation of USD 6 billion. Parkway Venture Capital led the round. Nvidia, AMD Ventures, Intel Capital, Qualcomm Ventures, Salesforce Ventures, Brookfield, ARK Invest, Greycroft, Prime Movers Lab, Align Ventures and Tamarack Global also invested. The round came about two months after Hark emerged from stealth in March 2026, funded until then by USD 100 million of the founder's own money. Hark is a personal AI company founded in late 2025 by Brett Adcock, who also founded the robotics company Figure. It is developing a personal AI platform that pairs in-house foundation models, software and native hardware with new interfaces, and it said it would release its first multimodal models in the summer of 2026. The company had not disclosed its device form factor, price or launch market at the time of the round. |
Who has invested in Hark?
16 investors have backed Hark across its funding rounds, including FJ Labs, Salesforce Ventures, Greycroft, Intel Capital, Qualcomm Ventures and NVIDIA.
Lead investors include AT&T and Parkway Venture Capital.
Hark Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | May 2026 | ||
This data is available for Pro users. Sign up to see all 16 Hark investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHark Competitors
Hark competitors include listed companies like Presight AI and Ncino, and private ones like SandboxAQ, Ineffable Intelligence, Recursive Superintelligence and Fal.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $128M | - | $5.8B | 44.9x | ||
| Publicly listed | $825M | $214M | $5.3B | 4.9x | ||
| Private | - | - | $5.1B | - | ||
| Private | - | - | $4.7B | - | ||
| Private | $200M | - | $4.5B | 22.5x | ||
| Publicly listed | $595M | $65M | $2.4B | 4.2x |
Hark Public Comps
Hark is still privately-owned, but its public comps include SenseTime Group, Presight AI, Tenable, UiPath, MiniMax Group, CorVel, UBtech Robotics, XtalPi, Intsig Information and InSilico Medicine Cayman.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $753M | ($71M) | 6.5x | 5.2x | (68.8x) | 51.2x | |||
| $825M | $214M | 6.0x | 4.9x | 23.0x | 19.1x | |||
| $999M | $31M | 5.7x | 5.3x | 180.0x | 20.0x | |||
| $1.6B | $70M | 3.7x | 3.4x | 85.5x | 13.3x | |||
| $79M | ($1.9B) | 77.1x | - | (3.2x) | - | |||
| $959M | $175M | 4.1x | - | 22.4x | - | |||
| $301M | ($109M) | 13.2x | 8.0x | (36.3x) | (59.4x) | |||
| $121M | $22M | 21.1x | 17.9x | 113.9x | (151.6x) | |||
This data is available for Pro users. Sign up to see all Hark competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hark
| When was Hark founded? | Hark was founded in 2025. |
| Where is Hark headquartered? | Hark is headquartered in United States. |
| Is Hark publicly listed? | No, Hark is a private, VC-backed company. |
| What is Hark's valuation? | Hark was last valued at $6B in its Series A in May 2026. |
| How much funding has Hark raised? | Hark has raised $700M across 2 funding rounds. |
| What was Hark's last funding round? | Hark's last funding round was a strategic investment round in August 2026, led by AT&T. |
| Who are Hark's investors? | Hark's investors include Align Ventures, NVIDIA, Salesforce Ventures, Qualcomm Ventures, Prime Movers Lab, FJ Labs, Greycroft, AMD Ventures, ARK Investment Management, Apex Capital Holdings and 6 others. |
| Which companies are comparable to Hark? | Companies comparable to Hark include SandboxAQ, Presight AI, Ineffable Intelligence, Recursive Superintelligence, Fal and Ncino. |
See companies similar to Hark
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




