[2] In 2007, software developers Bill Collis, Simon Robinson, and Ben Kent from Foundry, in association with Anil Kokaram from Trinity College Dublin[3] won a Scientific and Technical Award from the Academy Awards (Oscars) for the design and development of The Furnace, an integrated suite of software tools that provides temporal coherence for enhancing visual effects in motion picture sequences with high robustness, modularity and flexibility.

[6] Foundry was bought by the owners of Digital Domain, Wyndcrest Holdings, in March 2007, and took over DD's existing Nuke business.

Subsequently it was subject to a management buyout with backing from Advent Venture Partners, and then acquired by The Carlyle Group in April 2011.

[7][8][9] In September 2012, Foundry merged with Luxology, a Mountain View-based software house known primarily for Modo, a 3D modelling and animation package.

[10] Earlier the same month, it ranked at number 70 in The Sunday Times Tech Track 100, with 2011/2012 sales of approximately £15 million, a 49% increase from 2010/2011.