# PAL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pal-2

- Industry: Chemicals
- Headquarters: Shanghai, China
- Website: www.parylene.com.cn
- Total disclosed funding: $8.1M
- Latest round: Series A (Jan 30, 2023)
- Investors on record: 4

## About

Founded in 2012 and based in Shanghai, China, Shanghai PAL New Materials Co., Ltd., dba PAL, is a biotech company that provides application scheme of protective coating. The company has passed ISO9001-2015 quality management system certification, as well as ROHS, CE and other testing certification. In February 2026, PAL raised over CNY 100 million in venture funding led by new investor SDIC Unity Capital, with participation from returning investors Detong Capital and Addor Capital.
The company's main products include Parylene coating, Parylene coating equipment and Parylene coating raw materials. Its products are used in biomedicine, automotive electronics, aerospace, military industrial protection, control systems, cultural relics protection and other fields.
The company’s revenue is primarily generated from contract-based Parylene coating processing services, customized coating solutions for industrial and medical customers, and sales of Parylene coating materials and related process support services.

## Funding rounds

- Series A, Jan 30, 2023, $8.1M — Detong Capital, Suzhou International Development Venture Capital Holding, Addor Capital, China Capital Management

## Investors

- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Series A
- Suzhou International Development Venture Capital Holding (https://capitalatlas.ai/funds/suzhou-international-development-venture-capital-holding) — Series A
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series A
- China Capital Management (https://capitalatlas.ai/funds/china-capital-management) — Series A