Deals

A London-based AI infrastructure platform has merged with Radiant, a newly launched portfolio company of global investment giant Brookfield.

The deal caps off a seven-year journey for Ori Industries, which has been led by founder Mahdi Yahya since inception.

Ori provides telecommunication companies and corporates with the software stack to build, manage and deploy AI cloud.

Ori will be the software and team layer sitting on top of Radiant’s compute and physical data centres, with Yahya now serving as president of Radiant and Ori’s senior team becoming the senior team at the merged firm.

Radiant says it is one of the world’s first infrastructure companies engineered from the ground up to deliver integrated AI compute, with access to scaled capital from Brookfield.

It is the second seed investment from Brookfield’s AI Infrastructure Fund and provides Radiant with a direct pipeline to a $100 billion investment program for AI Infrastructure.

“We could not be more excited to continue the Ori journey through Radiant,” said Yahya. 

“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. Through Radiant we can challenge the supply-demand imbalance that has defined AI since the release of advanced LLMs in 2023. 

“With deep, structural advantages in capital costs, powered land, compute, and software, Radiant is building the infrastructure to enable a global age of abundance for AI.”

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Vishal Padiyar, managing director at Brookfield and executive chair of Radiant, said: “We’ve designed Radiant to be the leading AI infrastructure partner to sovereign governments and large enterprises. Radiant brings together the economics of infrastructure and the intelligence of software. 

“By aligning long-term capital with leading edge innovation, we have created a unique platform that lowers the cost of compute while raising the standard of performance. It’s an approach designed for the realities of the AI economy – efficient, resilient, and built to scale.”

Radiant is an NVIDIA cloud partner. Nico Caprez, vice president of AI infrastructure growth at NVIDIA, said: “Brookfield recognised early that AI infrastructure would emerge as a new asset class as AI is becoming foundational to every sector of the global economy. 

“Every nation will build the AI infrastructure required to develop and power its own intelligence. 

“With Radiant as an NVIDIA cloud partner, Brookfield has brought together capital, power, and purpose-built AI systems to build and operate AI factories at global scale.”

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