 Palm Ventures is financially backed by Chinese electronics company TCL that owns the Palm trademark, originally of Palm, Inc. 

With a 3.3-inch screen and 62.5g weight that is noticeably smaller and lighter than other smartphones released at the same time, the Palm was initially marketed as "an ultra-mobile companion" device that is meant to be used in conjunction with a regular smartphone—positioning it as a cross-over between a wearable and a smartphone, and can only be used by pairing the device with another phone on the Verizon network.However, the restriction was subsequently lifted for new buyers as well as oversea markets, which make it also possible to use the device as a standalone phone.It is the first "Palm"-branded device on the market since 2010 (Palm Pre 2).