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 focusing on a developer-centric, AI-native platform. Railway’s core offering is a managed infrastructure service that automates provisioning, scaling, and deployment, allowing developers to focus on writing code. The new capital will be used to expand its engineering team and accelerate product development, specifically enhancing tools for building and deploying AI applications. The company argues that traditional cloud services are too complex for the rapid iteration required in modern AI development. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud