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AI startup Hark completes $700 million Series A funding with a valuation of $6 billion, led by Parkway Venture Capital

Reported by Weex
May 21, 2026· 2 min read
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Key Takeaways
  • • Brett Adcock, CEO of robotics startup Figure AI, launched Hark, a new AI lab focused on advanced personalized intelligence, with $100 million in personal funding committed to the venture.
  • • Hark is designed to develop a new family of specialized devices for personalized AI applications, positioning itself as a distinct effort from Adcock's primary robotics company.
  • • The $100 million initial capitalization represents a significant personal investment by Adcock into AI infrastructure, signaling confidence in the personalized intelligence market segment.
  • • Hark's launch reflects broader industry momentum toward specialized AI labs pursuing narrower, consumer-focused applications rather than general-purpose AI systems.
Summary
Brett Adcock, the CEO of Figure AI—a Sunnyvale-based humanoid robotics startup that recently raised $675 million at a $2.6 billion valuation—has established a new artificial intelligence laboratory called Hark, funded with $100 million of his personal capital. The new venture represents a strategic pivot toward developing advanced personalized intelligence systems designed to operate on a newly engineered family of devices.

Hark positions itself as a dedicated AI lab separate from Figure's robotics operations, focusing specifically on personalized intelligence applications. The venture is capitalized with $100 million in founder funding, indicating Adcock's substantial personal commitment to the initiative. This structure allows Adcock to pursue AI-driven personalization independently while maintaining his operational responsibilities at Figure AI, which has demonstrated strong investor momentum through recent funding rounds led by Parkway Venture Capital, Microsoft, OpenAI, NVIDIA, and other technology leaders.

The launch of Hark occurs within a broader context of elevated AI investment activity. The personalized intelligence segment represents a distinct market opportunity from both large language models and general-purpose AI systems, with Hark positioning itself at the intersection of custom hardware and advanced AI capabilities. Adcock's personal investment signals confidence in this market thesis and his ability to attract institutional capital for specialized AI applications.

The timing and structure of Hark's establishment—with substantial founder capital deployed independently from Figure's institutional fundraising—suggests a deliberate strategy to explore personalization-focused AI without diluting focus from Figure's core humanoid robotics commercialization objectives.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Weex AI startup Hark completes $700 million Series A funding with a valuation of $6 billion, led by Parkway Venture Capital