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 abstracts away the underlying infrastructure complexity, allowing developers to focus on their code. The new capital will be used to expand the platform’s capabilities, grow the team, and scale operations to meet increasing demand from AI developers. The funding highlights the growing investor interest in specialized infrastructure for the AI boom. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud