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 service simplifies the process of provisioning and managing the complex infrastructure required for AI workloads, such as GPU clusters and vector databases, through a unified interface. The new capital will be used to expand its team, accelerate product development, and scale its infrastructure to meet growing enterprise demand for AI-native tools. The company argues that traditional cloud platforms are not optimized for the unique demands of modern AI development, positioning its offering as a more efficient and developer-friendly alternative. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud