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Figure AI's CEO just raised $700 million for his next big bet

San Jose-based startup Hark, founded by Figure AI CEO Brett Adcock, has secured $700 million in Series A funding to develop personalized AI hardware and interactive software systems.

Key Points

  • The funding round values Hark at $6 billion and was led by Parkway Venture Capital with investments from Nvidia, AMD Ventures, and Salesforce Ventures.
  • Hark plans to launch its initial AI models this summer, offering users early access to a personalized platform designed for natural physical-world interaction.
  • The company has recruited former Apple designer Abidur Chowdhury alongside engineering talent from Google, Meta, and Amazon to accelerate hardware development.
  • CEO Brett Adcock, who previously founded Archer Aviation and Figure AI, provided $100 million in initial capital to launch the startup late last year.

Why it Matters

This significant capital injection highlights the intensifying race among major tech firms to transition artificial intelligence from text-based chatbots into dedicated, personalized physical hardware. By attracting top-tier industry talent and major corporate backers, Hark is positioning itself to compete directly with hardware initiatives currently under development at Apple, Google, and OpenAI.
Business Insider Published by Rya Jetha
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