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 infrastructure automates many of the complex tasks associated with deploying and scaling AI applications, such as GPU provisioning and model serving, which it argues traditional cloud platforms are not optimized for. The new capital will be used to expand its engineering team and accelerate product development. The company reports significant growth, citing a tenfold increase in revenue over the past year as demand for AI infrastructure surges. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud