Railway, a cloud infrastructure startup, has raised $100 million in a Series B funding round led by Altimeter Capital. The company aims to challenge major cloud providers like AWS by offering a platform specifically designed for building and deploying AI applications. The funding will be used to expand its team and accelerate the development of its AI-native infrastructure, which focuses on simplifying the deployment and scaling of machine learning models. Railway’s approach is to provide developers with a more integrated and automated environment for AI workloads, potentially reducing complexity compared to traditional cloud services. The company reports significant growth, with over 500,000 developers using its platform. The full article can be found at https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud.