Boya New Materials

About Boya New Materials

Meishan Boya Advanced Materials Co., Ltd. operates as a specialized producer of artificial synthetic crystal materials. Established in December 2016, the company is headquartered in the High-tech Industrial Park of Meishan City, Sichuan Province, China. Boya New Materials has demonstrated significant growth, securing a total of $87.2M in funding. A notable funding event was a Series D round on September 1, 2022, which raised $58M, led by Fujian Huaxing Venture Capital. More recently, in March 2024, the company secured an additional $27.9M in a Later Stage VC round.

The company's business model is centered on the research, development, manufacturing, processing, and sales of high-performance crystal materials. Boya New Materials serves a diverse client base across sectors such as medical, security inspection, industrial applications, beauty, military, and scientific research. Revenue is generated through the sale of its specialized products and providing one-stop services for crystal materials and high-precision optical components processing. In a strategic move to expand its intellectual property portfolio, Boya entered into a significant asset purchase and patent deal with Luxium Solutions in December 2024, securing exclusive rights to use key Lutetium Silicate Scintillation Crystal patents.

Boya New Materials' product portfolio includes a wide range of scintillation and laser crystals, such as L(Y)SO, GAGG, and various YAG crystals doped with elements like Neodymium, Ytterbium, and Erbium. The company has developed a full production capacity, from crystal growth to the manufacturing of plates, columns, and arrays, offering comprehensive solutions to its customers. By improving formulas, adjusting temperature fields, and developing its own crystal growth equipment, the firm has enhanced the consistency and performance of its crystal products. It also possesses advanced optical processing technology to create custom high-end optical components.