Railway, a cloud infrastructure startup, has raised $100 million in a Series B funding round led by Altimeter Capital. 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 specialized cloud platforms tailored for the growing demands of artificial intelligence workloads. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud