Radiant, an AI infrastructure company owned by Brookfield's AI Infrastructure Fund, announced on 24 February 2026 that it had merged with Ori Industries, a London-based startup that runs a GPU cloud and builds software for operating AI computing infrastructure. The companies did not disclose financial terms.
Ori's technology, team and cloud continue under the Radiant name. Ori's founder and chief executive, Mahdi Yahya, became president of Radiant, and the Ori Global AI Cloud keeps running for customers that need on-demand capacity, now as the Radiant AI Cloud.
Reuters reported three days later that Radiant was valued at $1.3 billion after the merger, citing three people with knowledge of the matter and a document it had seen. Reuters could not determine how much of that valuation reflected Ori's contribution, and Brookfield and Ori declined to comment.
What Ori built
Ori offers a software stack for building, managing and running an AI cloud, and rents access to Nvidia GPUs, including the H100 and A100, to companies training and deploying models. Its customers included governments, telecoms operators and large companies, Tech.eu reported. In early 2025 TelecomTV said Ori operated in more than 20 locations, mainly in North America and Europe, and planned a subsidiary in Riyadh.
Business Insider reported in October 2024 that a pitch deck it had seen showed Ori booking more than $40 million in annual recurring revenue in the first quarter of that year. At the time Yahya said the company planned to invest nine figures in UK AI infrastructure over the following two years.
In Radiant's announcement, Yahya said his team had spent more than seven years designing software to run AI infrastructure at scale.
“For more than seven years, our team has been building toward this moment - designing software that could enable infrastructure for AI at scale. It was immediately apparent that Brookfield was the ideal partner for Ori.”
How the deal works
Ori's software becomes the platform and operations layer on top of Radiant's computing capacity and data centres. Radiant said its own infrastructure would be built on Nvidia's DSX reference design and sold to governments, selected global enterprises and telecoms providers under long-term contracts. Radiant is an Nvidia Cloud Partner and said it would expand Ori's cloud with newer Nvidia systems, including Blackwell, GB200 NVL72 and, when available, Rubin.
According to Reuters, all of Ori's existing investors rolled their stakes into Radiant, and Brookfield added new capital. Reuters also cited Companies House filings showing Ori had £42.5 million (about $57 million) in total assets less current liabilities at the end of 2024, and total debt of £11.3 million (about $15 million), up from £4.4 million a year earlier.
Why Brookfield wanted Ori
Radiant is the first compute deployment vehicle and the second seed investment of Brookfield's AI Infrastructure Fund. Reuters said the fund is seeking $10 billion in investor commitments and aims to reach as much as $100 billion with co-investment and financing. Nvidia contributed to its initial capital and supplies Radiant's chips.
Radiant argues that the main bottlenecks in AI computing are power, land and capital rather than software. It says it has access to more than 5 gigawatts of live power and 45 gigawatts of renewable generation capacity worldwide through Brookfield. Ori brings the software and the experience of running a GPU cloud.
Vishal Padiyar, a managing director at Brookfield and Radiant's executive chair, said Radiant was designed to be the main AI infrastructure partner for governments and large enterprises, and that combining long-term capital with software would lower the cost of computing.
The founder and the funding
Yahya was previously chief executive of Sama Telecom, a carrier network in the Middle East, according to Dealroom. Sources differ on when Ori started: Dealroom lists 2018, while Business Insider and TelecomTV gave 2019.
Ori raised $10.4 million in 2021 at a $39 million post-money valuation, Business Insider reported, citing PitchBook. In February 2025 it took a strategic investment of undisclosed size from Wa'ed Ventures, the $500 million venture arm of Saudi Aramco, to support expansion in the Middle East.
