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 AI models and code. The new capital will be used to expand the platform’s capabilities, hire more staff, and accelerate its go-to-market strategy in the competitive cloud and AI infrastructure sector. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud