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 providers like AWS by offering a platform specifically designed for building and deploying AI applications. Its core proposition is an ‘AI-native’ infrastructure that simplifies the complex process of managing the underlying compute, data, and tooling required for AI development. The new capital will be used to expand its engineering team and accelerate product development. The funding signals strong investor confidence in specialized cloud platforms that cater to the growing demands of the AI sector. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud