Railway, a cloud infrastructure startup, 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 approach focuses on simplifying the complex infrastructure required for AI, automating tasks like provisioning GPUs and managing dependencies to allow developers to concentrate on coding. The new capital will be used to expand the company’s engineering team and accelerate product development. The funding highlights the growing investor interest in specialized infrastructure tailored for the generative AI boom, as developers seek alternatives to the complexity of traditional cloud services. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud