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Chuangmi Technology

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Chuangmi Technology is a High-tech enterprise in the field of smart home

Huangpu, ChinaFounded 2014Home Living
Valuation $50–100M Last recorded · 2019
Total funding $10–50M Disclosed equity funding
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About Chuangmi Technology

Shanghai-based Chuangmi Technology, operating under the brand name IMILAB, was established in 2014 as an Internet of Things enterprise focused on the smart home sector. The founding team comprises individuals with backgrounds from major technology companies like Microsoft, IBM, and Samsung. In its first year, the company became an early member of the Xiaomi ecological chain, concentrating on integrating artificial intelligence and deep learning into home appliances. A significant milestone was achieved in 2015 when revenue surpassed 100 million, and the company introduced what it called the world's first voice-controlled IP camera. The independent IMILAB brand was officially launched in 2017, and by 2019, its distribution network had expanded to over 60 countries. That same year, a successful crowdfunding campaign for its EC2 security camera raised $600,000, and the company's operating income exceeded one billion RMB.

The company's business revolves around the development and sale of smart home products, operating as a direct-to-consumer electronics brand. Its target market consists of small families and small to medium-sized businesses seeking accessible, plug-and-play security solutions. Revenue is generated through the direct sale of hardware, which has been distributed to over 150 countries. A key aspect of its business model is offering advanced features, such as motion-triggered alerts and local storage, without requiring a monthly subscription, a differentiator from some competitors. IMILAB has formed strategic partnerships with Mihome (part of the Xiaomi AIoT Ecosystem) and Aliyun (part of the Alibaba AIoT Ecosystem) to expand its reach.

IMILAB's product portfolio is centered on smart home security, offering a range of indoor and outdoor cameras, smart video doorbells, and smart watches. Indoor camera models like the C21 and C30 feature capabilities such as 2.5K resolution, human and sound detection, 360-degree auto-cruise, and compatibility with Amazon Alexa and Google Home. The outdoor camera line, including the EC5 and EC6 models, provides features like 2K resolution, 360-degree human tracking, color night vision, and IP66 weather resistance. A distinguishing product is the EC6 Dual camera, which uses two lenses to monitor two different angles simultaneously. The company's products are managed through the IMILAB Home app, and many devices also integrate with the Xiaomi Home app.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
Huangpu, China
Open positions
None listed
Dealroom signal
18.3/100
Industry
Home Living
Sector
Home Living, Smart Home
Client focus
b2b, b2c
Investment activity
1 company, latest Apr 2024
Capital deployed
$0
Preferred round
LATE VC
Links
Website

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BEquity / VC Apr 2021 $0 — Undisclosed —
SERIES A✓Equity / VC May 2019 $14M $58M Joyoung · Yi Capital —
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Growth signals

Chuangmi Technology website traffic

Latest recorded traffic for Chuangmi Technology is 14K monthly website visits, down 22.2% over the last three months.

Latest monthly visits14K 3-month web change-22.2%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • Joyoung
  • Yi Capital
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Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Huangpu HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Chuangmi Technology on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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