Railway Raises $100 Million Series B to Expand AI-Optimized Cloud Platform
Railway has raised $100 million in a Series B funding round led by TQ Ventures, with participation from FPV Ventures, Redpoint, and Unusual Ventures, announced in a press release.
Founded in 2020, Railway operates a cloud platform designed to simplify developers' infrastructure by integrating compute, storage, networking, and orchestration into a single, scalable system. The company reports that its approach has enabled users to achieve a tenfold increase in development speed and up to 65% cost savings compared to traditional cloud services.
Railway currently serves over two million users, including 31% of the Fortune 500 and companies such as Intuit’s GoCo, TripAdvisor’s Cruise Critic, and MGM Resorts. The platform allows teams to deploy a wide range of applications, from simple services to complex AI systems, with minimal configuration.
With the new funding, Railway plans to expand its global data center operations, grow its team, and develop new tools aimed at supporting developers and AI workloads.
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