Brookfield's Radiant Valued at $1.3B After Merger with UK Cloud Startup
Brookfield Asset Management’s new AI infrastructure unit Radiant has been valued at roughly $1.3 billion following its merger with London-based cloud computing firm Ori Industries, three sources and a document reviewed by Reuters show. The deal pairs Brookfield’s balance sheet and infrastructure focus with Ori’s cloud capabilities, creating a vehicle aimed at large-scale AI compute and enterprise cloud services. The reported valuation underscores strong investor appetite for companies that can offer specialized, scalable compute.
Although the transaction is primarily an AI and cloud story, it matters to crypto and Web3 participants that depend on robust hosting, node operations, and data-heavy processing. By expanding commercial-grade compute capacity, Radiant could indirectly support projects that need reliable infrastructure. Market watchers have noted the move under ticker RXD, and the positive sentiment reflects continued institutional capital flowing into infrastructure plays that enable both AI and decentralized applications.