About CHAOS
Chaos, originally founded as Chaos Group in 1997 in Sofia, Bulgaria by Peter Mitev and Vladimir Koylazov, built its reputation and business around V-Ray, a physically based, photorealistic 3D rendering engine first released in 2002 that became widely adopted across architecture, product design, visual effects, and entertainment industries for its ability to produce highly realistic lighting, materials, and imagery from 3D models, earning Koylazov an Academy Scientific and Engineering Award from the Academy of Motion Picture Arts and Sciences in recognition of V-Ray's impact on visual effects and film production.
The company expanded its product portfolio significantly through both internal development and acquisition, adding Phoenix, a fire, smoke, and fluid simulation tool; Corona, another high-performance photorealistic rendering engine; and, through a 2022 merger, Enscape, a popular real-time rendering and virtual reality plugin widely used in architectural and interior design workflows for its ability to generate instant, walkable 3D visualizations directly from CAD and building information modeling (BIM) software. Chaos has also acquired Cylindo, a 3D furniture visualization platform used in e-commerce, further broadening its reach from traditional architecture and entertainment rendering into product visualization for online retail. Notably, Chaos built its business almost entirely without external venture capital funding, reaching several hundred million dollars in annual revenue through profitable, self-funded growth, an unusual trajectory relative to most venture-backed software companies of comparable scale and one that gave the company significant independence in its product and business decisions over nearly three decades of operation. Chaos has continued to expand its integrated rendering and visualization ecosystem, including AI-assisted rendering tools, and operates as one of the largest and longest-operating companies specifically focused on 3D visualization technology globally, with hundreds of employees across offices in multiple countries.
