Startup profile · funding coverage
Clawlab funding, valuation and investors
Shenzhen startup developing an image-to-knit home smart knitting machine and companion design tools.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Pre-A3 (strict lower bound)
More than $15M · November 12, 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$15M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
Stage not recorded · Shenzhen, China
Investors in latest funding
Lead: miHoYo
Other: Vision Plus Capital , Shunwei Capital
Overview
Clawlab develops proposed household knitting hardware and design software. Founder/CEO Wenxin Hu formerly worked in engineering at DJI and Meituan; much of the R&D team has DJI backgrounds.
An ILLUSTRATIVE envisioned journey: a hobbyist provides an image or creative concept; selects garment/project and colors; design software prepares a compatible knitting pattern; an automated device performs stitchwork; the user finishes the handmade piece. The issuer describes possible scarves, doll clothing, pet accessories and personalized gifts.
This is a planned product workflow, NOT independent hands-on testing or evidence of consumer deliveries. Product price, yarn compatibility, hardware dimensions, output speed, design-file formats, warranty, maintenance costs and actual release date are undisclosed. The company targets a CES 2027 public reveal.
Clawlab's company-issued November 12, 2026 PR Newswire announcement says a Pre-A3 financing of STRICTLY MORE THAN $15M led by miHoYo, with existing backers Vision Plus Capital and Shunwei Capital increasing their stakes. This brings total funding across four EQUITY rounds to approximately $25M—already inclusive of the new financing.
Earlier shareholders include Sequoia China and YM Capital, but current-round participation is not confirmed. Prior round amounts and valuation were not disclosed. Do not imply $25M of additional fresh cash or an exact $15M cheque. Source: https://www.prnewswire.com/news-releases/clawlab-raises-over-15-million-in-pre-a3-funding-to-bring-smart-knitting-home-302937289.html
Why Clawlab is interesting
Announced MORE THAN $15M Pre-A3 led by miHoYo on November 12, taking cumulative funding to approximately $25M across four equity rounds; its home machine is planned for a CES 2027 reveal, not yet an independently validated shipping product.
Product & use cases
Home smart knitting hardware and software, in development, targeted for reveal at CES 2027. Intended image/design -> pattern preparation -> automated stitchwork -> finished textile. No public price, purchasing mechanism, demonstrated throughput, proven accuracy or shipping availability.
- Illustrative maker: turn an image into a scarf using automated knitting; implementation unverified.
- Illustrative microbrand: create custom short runs; unit economics unknown.
- Illustrative hobbyist: personalized doll clothing and gifts; size/yarn limitations unknown.
Key facts
- More than $15M Pre-A3, not exactly $15M, led by miHoYo on Nov 12, 2026.
- Approximately $25M cumulative across four equity rounds, including Pre-A3.
- CES 2027 unveiling planned; no verified consumer shipments or public retail price.
Funding history (newest first)
Pre-A3 (strict lower bound)
2026-11-12 More than $15M- miHoYo (lead)
- Vision Plus Capital (participant)
- Shunwei Capital (participant)
Source: Read source · prnewswire.com
Competitive landscape
Edge: Issuer's proposed easier image-to-knit workflow; neither performance advantage nor commercial adoption independently verified.
Market adoption hinges on unknown price, yarn and gauge constraints, finishing labor, reliability, repairability, training requirements, supply chain and possible software lock-in; no validated revenue, gross margin or installed base.
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Silver Reed knitting machines incumbent
Established hobby knitting machines, with often more manual pattern/tool setup.
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Brother knitting machines alternative
Secondhand domestic and electronic knitting systems; no confirmed feature comparison yet.
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Kniterate direct
Computer-controlled digital knitting alternative; pricing and technical specs require direct validation.
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Shima Seiki adjacent
Industrial knitting automation rather than a consumer device.
Market / IPO context
Editorial / static context — not a live quote.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.