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 AI and machine learning workloads. Railway’s service automates infrastructure management, allowing developers to deploy applications without dealing with the underlying servers or configuration. The new capital will be used to expand the company’s engineering team and accelerate product development. The funding round values Railway at approximately $1.5 billion. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud