Pixar was founded in 1979 as a Graphics Group, as part of Lucasfilm’s computer division. It was only later in 1986 that it started operations as a corporation with funding from Apple Inc. co-founder Steve Jobs. The new company had Steve Jobs as its Chairman. The name Pixar coined by Rodney Stock, Aly Ray, and Loren Carpenter is a Spanish made-up word implying “to make pictures.” Ray, coming from a Spanish background, originally has “Pixer” in mind. However, the futuristic ‘Radar’ appealed to Loren Carpenter and hence Carpenter insisted on adding an “ar” since it gave a “high-tech” feeling to it like “radar”. “Pixar” was a result of compromise between the two.