Read more: After taking over Hollywood, Chaos now enters the furniture industry Vladimir Koylazov, the other co-founder of Chaos and current head of software operations, will also retain his leadership position and drive R&D and innovation. The CEO and co-founder of Chaos, Peter Mitev, and the CEO of Enscape, Christian Lang, will become co-CEOs of the newly-formed company. It was focused on the development of a complete technological toolset for the full workflow of the 3D artists and designers,” Peter Mitev, co-founder and CEO of Chaos, shared for The Recursive.Īfter the merger, the products from the portfolios of the two companies, including leading products V-Ray, and Corona Render, will continue to be available and operate under their respective names.

This partnership is a logical next step towards the growth strategy that Chaos has announced in early 2021. We are excited to team up with Enscape, TA, and LEA Partners to bring forth the world’s best 3D visualization ecosystem. “Visualization is critical to creating the future-both in the real world and the metaverse. The new company will keep the Chaos name and will focus on developing a full-spectrum portfolio of visualization and computer graphics solutions for the Architecture, Engineering, and Construction (AEC), Visual Effects (VFX), and Product Design verticals. The merger deal is of an undisclosed amount and is expected to pass customary regulatory approvals and be completed in the first quarter of 2022. The investment will allow the newly-formed company to focus on growth, technology innovation, and team development.

The joint agreement is backed by two private equity firms – the American TA Associates, and the German LEA Partners which is a previous investor in Enscape. Chaos, the Bulgarian provider of photorealistic rendering technology, and Enscape, a German company developing real-time rendering and design workflow technology, announce their merger today with the vision to become a world leader in the 3D visualization and design workflow software sectors.

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