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 approach focuses on simplifying the deployment and management of AI applications, providing developers with tools to handle complex infrastructure tasks automatically. The new capital will be used to expand the company’s engineering team and accelerate product development. The funding round values Railway at over $1 billion, reflecting strong investor confidence in the growing market for specialized AI infrastructure. For the full details, read the article at https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud.