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 established cloud providers like AWS by offering a platform specifically designed for building and deploying AI applications. Railway’s approach focuses on simplifying the complex infrastructure required for AI, such as GPU orchestration and model deployment, through an integrated developer experience. The new capital will be used to expand the company’s engineering team and accelerate product development. The funding round values Railway at over $1 billion. Read the full article at: https://venturebeat.com/infrastructure/railway-secures-usd100-million-to-challenge-aws-with-ai-native-cloud