Film and game audio software company Krotos secures seven-figure investment
Edinburgh sound effect pioneers’ credits include Stranger Things and Avengers
Edinburgh-based film and game audio software company Krotos, whose credits include Stranger Things and Avengers, today (15 February) welcomed the announcement of a seven-figure seed investment from Greece-based Metavallon VC.
Krotos produces software that empowers content creators to design sound faster by turning traditional slow processes into a real time performance. The latest investment follows earlier funding from the University of Edinburgh’s Old College Capital fund, as well as strategic angel investors such as Ian Ritchie CBE, who specialises in the information technology sector, and the video game producer Leslie Benzies, former president of Rockstar North and producer of the Grand Theft Auto series.
Founded in 2013 by Orfeas Boteas, Krotos’s software tools allow audio professionals to perform and customise sound easily, saving hours of editing time and opening up new opportunities in audio creation by allowing them to focus on creativity. The current product lineup includes tools that help design, automate and perform complex sound effects in seconds. Examples include Sci-Fi sound effects, whooshes and transitions, vehicle sounds, real and Sci-Fi weapons, as well as effects relating to animals and food. Krotos also supports creature vocalisation, dialogue processing and vocal processing.
Krotos’s software has become industry-standard in film post-production and game audio, with credits on an ever-expanding list of major Hollywood and high-profile high-budget “AAA” game titles including Stranger Things, Game of Thrones, The Lion King, Avengers, Captain Marvel and Star Trek.
Krotos targets the video and audio editing software market which is expected to reach $6B in size by 2024. The company already has five product lines and around 100 add-ons that are being used by thousands of audio professionals and music producers in 65 countries. The existing round of funding will go to reinforce the team, accelerate commercialisation and ensure the successful deployment of new pilots with partners and clients.
Krotos founder Orfeas Boteas said:
“We are super excited to work with George and the Metavallon team to realise our vision and take Krotos to the next level. This will allow us to significantly expand our product offering and allow more creatives to make the entertainment world sound awesome.” according to George Karantonis, Partner at Metavallon VC,
“We are super happy to welcome Krotos as the latest investment in Metavallon I portfolio. We believe that Krotos has already a proven solution and an impressive clientele worldwide and with the funds of the round will set course to become the leading technology provider to the millions of content creators out there. As a result, we expect exponential growth of sales. We are also happy because Orfeas has clear plans to base a significant part of future activities in Greece.”
Krotos has 15 members of staff and expects this to rise to 25 shortly as it is currently hiring for technical, sales support, operations and finance positions. See https://www.krotosaudio.
About Metavallon VC
Metavallon VC is a €32 million venture capital firm that specializes in pre-seed and seed stage funding of disruptive technology companies. The firm invests in and works alongside ambitious entrepreneurs, helping them build transformational businesses across multiple stages, geographies and industries. Metavallon VC’s mission is to engage at the very early stage and invest in companies that will operate at the forefront of business and technology innovation. The firm has received investment both from EquiFund and from private investors. The EquiFund investment platform is an initiative created by cooperation between the Hellenic Republic and EIF. It is financed by the Greek ESIF Fund of Funds TAESYM under the European Union / European Regional Development Fund / Operational Programme EPANEK, the EIF and private investors, with the objective to facilitate access to finance, mainly to SMEs, by developing the Venture Capital/Private Equity in Greece in cooperation with selected Financial Intermediaries.
Krotos‘s software allows content creators to perform and customize sound easily, saving hours of editing time and allowing them to focus on creativity while injecting more fun into the process. Krotos’ award-winning software has wowed Hollywood and the video game industry and has been used in blockbusters like Game of Thrones, Avengers, The Lion King, The Jungle Book, Terminator, Frozen 2 and Stranger Things. Starting with Dehumaniser, which allows you to perform creature and monster sounds with your voice, Krotos now has 5 product lines and around 100 add-ons that are being used by thousands of audio professionals and music producers in 65 countries.