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, allowing developers to focus on their models and applications. The platform integrates tools for data management, model training, and deployment into a unified service. 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, signaling strong investor confidence in the specialized AI cloud market. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud