Brookfield Asset Management’s newly formed artificial intelligence infrastructure unit Radiant has been valued at 1.3 billion dollars following its merger with London based cloud computing company Ori Industries, according to people familiar with the transaction.
Radiant was established by the Canadian asset manager to provide on demand access to high performance AI chips and computing capacity. The combination with Ori strengthens its software and deployment capabilities at a time when global demand for advanced compute power continues to outpace supply.
Sources indicate that all of Ori’s existing investors rolled their equity into Radiant as part of the deal, while Brookfield injected additional capital into the new entity. The valuation was set earlier this month, though financial terms of the merger were not publicly disclosed. It remains unclear how much of the 1.3 billion dollar valuation is attributable to Ori’s prior assets versus fresh capital commitments.
Ori had reported total assets less current liabilities of 42.5 million pounds at the end of 2024, according to public filings, with debt rising to 11.3 million pounds. The merger significantly expands the scale and financial backing of the combined platform.
The deal comes amid an intensifying global race to build AI infrastructure. Governments and private investors are pouring capital into data centers, power generation, and semiconductor supply chains as artificial intelligence models grow more compute intensive. The shortage of high performance chips and energy capacity has emerged as a bottleneck for enterprise adoption.
Radiant aims to position itself as an integrated infrastructure provider, combining physical capacity with software designed to optimize large scale AI workloads. The platform will target governments and major enterprises seeking scalable and cost efficient computing solutions. By linking chip access, power solutions, and software orchestration, Radiant seeks to address what industry executives describe as a persistent supply demand imbalance in AI infrastructure since 2023.
The venture is one of the first backed by Brookfield’s dedicated AI infrastructure fund, which is targeting 10 billion dollars in investor commitments and aims to scale significantly through co investment structures. The fund has earmarked substantial capital for power solutions to support AI data centers and secured chip supply partnerships to underpin long term capacity growth.
The United Kingdom is simultaneously expanding its national computing capacity, with plans to increase infrastructure dramatically by 2030. Major technology firms have pledged multi billion pound investments in UK data centers, supported by public funding initiatives under the government’s compute strategy.
For digital infrastructure markets, the Radiant valuation underscores how capital is rapidly consolidating around AI capacity buildout. As computing demand accelerates across industries, investors are increasingly viewing AI infrastructure as a core asset class within technology and global capital markets.
