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 core proposition is an AI-native infrastructure that abstracts away the underlying complexity of managing GPUs, containers, and scaling, allowing developers to focus on their application code. The new capital will be used to expand the company’s engineering team, accelerate product development, and scale its go-to-market operations. The funding reflects strong investor confidence in the growing demand for specialized infrastructure to support the rapid development and deployment of generative AI and other machine learning workloads. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud