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 plans to use the capital to expand its platform, which is designed specifically for building and deploying AI applications. Railway’s approach aims to simplify the complex infrastructure management typically required for AI workloads, offering an alternative to major cloud providers like AWS. The company argues that existing cloud services are not optimized for the unique demands of modern AI development, such as rapid scaling of GPU resources and managing intricate dependencies. This funding round signifies growing investor confidence in specialized infrastructure tailored for the AI era. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud