Railway, a cloud platform for developers, has raised $100 million in a Series B round led by TQ Ventures, with participation from FPV Ventures, Redpoint and Unusual Ventures. The funding will support Railway's mission to simplify infrastructure and accelerate software development. Founded in 2020, Railway has built custom networking, compute, storage and orchestration systems from the ground up to eliminate operational complexity. The platform serves over 2 million users, growing by nearly 200,000 developers monthly, and is used by 31% of Fortune 500 companies. Customers report 10-times faster developer velocity and up to 65% cost savings compared to traditional cloud platforms. Railway has achieved 176-times revenue growth and 15% month-over-month expansion. The company plans to expand its global data centre footprint and develop new tools for developers and AI systems.

Just a few weeks after chipmaker Tenstorrent raised nearly $700 million in funding, developers can now try out Tenstorrent’s AI accelerators on Koyeb. Tenstorrent sells AI processors built around the RISC-V instruction set architecture, and has developed its own open-source neural network library, TT-NN, and open-source low-level programming model, TT-Metalium.Tenstorrent is part of a group of companies trying to build alternatives to Nvidia GPUs and the company’s CUDA library. It competes with Axelera, Etched, Groq and others.Koyeb was founded by former Scaleway executives, and focuses on developing a serverless cloud platform for developers looking for an abstraction layer at the cloud infrastructure level. It competes with the likes of Fly.io, Railway and Render.Koyeb lets developers deploy applications across several virtual machines using a command line interface or a git push after integrating with the code repository. It supports Docker containers and many popular languages.One of Koyeb’s main features is that it can automatically scale an application to hundreds of servers if needed, and when there’s less traffic, it can automatically scale down server infrastructure.In recent months, Koyeb has been focusing specifically on AI apps. Due to the serverless nature of its platform, it can offer a low-latency experience for AI workloads.On the hardware front, Koyeb has deployed Tenstorrent’s PCIe boards in its data centers