Railway, a cloud infrastructure startup, 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 core proposition is an ‘AI-native’ infrastructure that simplifies the complex process of provisioning and managing the specialized hardware, such as GPUs, required for AI workloads. The company argues that traditional cloud services are not optimized for the unique demands of AI development, which often involves navigating scarce compute resources and intricate configurations. The new capital will be used to expand Railway’s engineering team, accelerate product development, and scale its infrastructure to meet growing customer demand. The funding round values Railway at $1.5 billion. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud