Atomos Limited entered into a Cloud Development Agreement with Cinemacraft Inc. (Cinemacraft) to fund the completion of its Videogram platform. In addition, Atomos will receive an option to acquire all shares in Cinemacraft. This investment forms part of Atomos' strategy to build on its depth in video and multi-camera capture to expand into cloud-based services. Atomos will leverage Cinemacraft's technology to accelerate its own cloud platform. Current investors in Cinemacraf t include 500Startups (U.S), DoCoMo Ventures, Samsung Ventures, Turner Broadcasting, Asahi Broadcasting, Buneido, D4V Ventures, American personality Tyra Banks, and Japanese actor Masi Oka. Atomos has signed a Software Development Agreement committing USD 1.2 million and expects to invest up to USD 0.8 million for patents and to oversee Videogram's development through to commercialisation. Atomos may exercise its option to acquire all shares in Cinemacraf t based on a valuation linked to the financial performance of the Videogram platform over two 12-month periods ending September 30, 2023. Exercising the option will require Videogram to achieve minimum revenue hurdles post commercialisation of the service.