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Hark Secures $700 Million to Develop AI Personal Assistant

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Hark, an AI lab creating models and hardware for AI personal assistants, has raised $700 million in a Series A funding round, valuing the company at $6 billion post-money.

  • The funding round was led by Parkway Venture Capital and included major tech investors like Nvidia, AMD Ventures, Qualcomm Ventures, and others.
  • Hark was founded by Brett Adcock, who previously worked on projects in robotics and electric aircraft, and he invested $100 million of his own to start the company.
  • Hark plans to release multimodal models in the summer, aiming to create a personal AI platform that integrates with existing products, followed by AI-specific hardware.
  • Abidur Chowdhury, a former Apple product executive and Hark's director of design, highlighted the lack of AI products that serve the 'normal person'.
  • The focus is on building interfaces and hardware for AI, unlike competitors focusing on software tools, but privacy concerns with AI assistant contexts remain a challenge.