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 automates the complex setup and scaling required for AI applications, allowing developers to focus on building models rather than managing servers. The new capital will be used to expand the company’s engineering team and accelerate product development. The funding round values Railway at $1.5 billion, signaling strong investor confidence in the specialized AI cloud market. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud