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 established cloud providers like AWS by offering a platform specifically designed for building and deploying AI applications. Railway’s service automates much of the underlying infrastructure management, allowing developers to focus on their core AI models and code. The new capital will be used to expand the company’s engineering team and accelerate product development. The funding round values Railway at $1.5 billion. Read the full article: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud