Mentioned:
Brett Adcock’s ambitious artificial intelligence startup has just raised a new mega funding round. And some of the biggest publicly traded technology companies in the world are behind it.
What’s happening:
- San Jose, California artificial intelligence startup Hark has successfully raised $700M in a new Series A financing round
By the numbers:
- The Series A financing round gives Hark a post-money valuation of roughly $6B USD
Why it matters:
- Hark is developing artificial intelligence models that are meant to function as a personal assistant and are capable of understanding speech and visuals as well as manage tasks across multiple different devices
Going deeper:
- Hark’s Series A round was led by Parkway Venture Capital and included participation from Nvidia (NASDAQ: NVDA), AMD (NYSE: AMD), Intel (NASDAQ: INTC), ARK Invest, Tamarack Global and others
- Brett Adcock is also notably the co-founder of Archer Aviation (NYSE: ACHR) as well as the founder of humanoid robotics company Figure AI
