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 and accelerate product development. The funding round brings Railway’s total capital raised to over $134 million and reflects strong investor confidence in the growing demand for specialized AI infrastructure. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud