Kniterate takes the concept of home automation to knitting, a technology that is either extremely simplistic, or takes huge, industrial machines. Colossal has a description of the machine and it’s capabilities:
Kniterate allows you to create digital designs in Photoshop and turn them into a wearable garments in just a few hours. The machine is capable of knitting scarves, sweaters, dresses, ties, or even the components of shoes. Kniterate could dramatically reduce lead time for a fashion business or design school in need of quick prototyping, or help a more ambitious artist in the fabrication a completely unique wardrobe.
You can learn more over on Kickstarter.