V-Ray is a computer-generated imagery rendering software application developed by the Bulgarian company Chaos Group (Bulgarian: Хаос Груп), that was established in Sofia in 1997. V-Ray is a commercial plug-in for third-party 3D computer graphics software applications and is used for visualizations and computer graphics in industries such as media, entertainment, film and video game production, industrial design, product design and architecture.[1] The company chief architects are Peter Mitev and Vladimir Koylazov..