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 building and deploying AI applications. Railway’s service simplifies the process of provisioning and managing the complex infrastructure required for AI workloads, such as GPU clusters and vector databases. The new capital will be used to expand its engineering team and accelerate product development. The company argues that traditional cloud platforms are not optimized for the unique demands of AI development, positioning its ‘AI-native’ approach as a key differentiator. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud