Since its release, Robert Henke's Monolake Granulator has been one of the most popular instruments for Live. Working with granular sythesis, the Monolake Granulator creates a constant stream of short crossfading samples from a source sound. The size, behavior, modulation, envelope, and other properties of the short samples can be tweaked via the Granulator’s controls. Watch Robert explain the Granulator and granular synthesis in this video:

Now, the Monolake Granulator has been update for with a new layout and improved performance for Live 9. Download Granulator II.

If you're interested in learning more about the functions of Granulator II and what went into making it, Robert has posted an informative article on his website.