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 service automates much of the complex infrastructure management required for AI development, such as provisioning GPUs and scaling resources, allowing developers to focus on building applications. 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