Railway, a cloud infrastructure startup, has raised $100 million in a Series B funding round led by Altimeter Capital. The company aims to challenge established 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 simplifies the complex process of provisioning and managing the specialized hardware, such as GPUs, required for AI workloads. The company argues that traditional cloud platforms were not built with the unique demands of AI in mind, leading to developer friction and inefficiency. The new capital will be used to expand Railway’s team and accelerate product development as it seeks to capture a share of the rapidly growing market for AI development tools. For the full details, read the article on VentureBeat.