Railway, a cloud infrastructure startup, has raised $100 million in a Series B funding round led by prominent venture capital firms. The company aims to compete with major cloud providers like AWS by offering a platform specifically designed for building and deploying AI applications. Its core proposition is an ‘AI-native’ infrastructure that abstracts away the underlying complexity, allowing developers to focus on their models and applications. The new capital will be used to expand the company’s engineering team, accelerate product development, and grow its market presence. The funding signals strong investor confidence in the growing demand for specialized cloud tools tailored to the unique needs of artificial intelligence workloads. For the full details, read the article at https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud.