Cloud infrastructure startup Railway has raised $100 million in a Series B funding round led by Altimeter Capital, with participation from existing investors. The company aims to challenge major cloud providers like AWS by offering a platform specifically designed for AI and machine learning workloads. Railway’s core proposition is an ‘AI-native’ infrastructure that simplifies the deployment and management of AI applications, addressing complexities around GPU provisioning, scaling, and cost management that developers often face on general-purpose clouds. The new capital will be used to expand the company’s engineering team and accelerate product development. The funding round values Railway at approximately $1.5 billion. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud