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Can serverless fix fintech’s scaling problem?

CIO

With serverless components, there is no need to manage infrastructure, and the inbuilt tracing, logging, monitoring and debugging make it easy to run these workloads in production and maintain service levels. Financial services unique challenges However, it is important to understand that serverless architecture is not a silver bullet.

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Serverless Stack raises $1M for open-source application framework

TechCrunch

Open-source framework startup Serverless Stack announced Friday that it raised $1 million in seed funding from a group of investors that includes Greylock Partners, SV Angel and Y Combinator. The company was founded in 2017 by Jay V and Frank Wang in San Francisco, and they were part of Y Combinator’s 2021 winter batch.

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Webiny nabs $3.5M seed to build serverless development framework on top of serverless CMS

TechCrunch

Webiny , an early-stage startup that launched in 2019 with an open-source, serverless CMS, had also developed a framework to help build the CMS, and found that customers were also interested in that to help build their own serverless apps. The company previously raised $348,000 in 2019. Today, Webiny announced a $3.5

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DigitalOcean enhances serverless capabilities with Nimbella acquisition

TechCrunch

As developers look for ways to simplify how they create software, serverless solutions, which enable them to write code without worrying about the underlying infrastructure required to run their applications, is becoming increasingly popular. The companies did not share the terms of the deal.

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Xata is a database service for serverless apps

TechCrunch

The company runs your database for you and turns it into an API so that you can query and update it from your serverless app. Its product is not yet ready for prime time but the company is sharing details. When you commit code changes, serverless platforms take care of deploying your application.

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Berlin’s Tilo raises seed round to tackle unstructured data sets with a serverless platform

TechCrunch

As is commonly the case, data sets used inside companies almost always come from diverse sources and in different, unstructured formats. Alternatively, companies try to build their own solutions using Elasticsearch. As its business model, Tilo charges a license fee based on the volume of data companies are processing through TiloRes.

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Momento launches out of stealth with a serverless cache

TechCrunch

Not content to stop there, Shams and Miao left AWS to co-found Momento , a Seattle-based startup that’s today emerging from stealth with a “serverless cache” optimized for cloud computing. What’s a serverless cache, you ask? According to a separate poll by Flexera, more than 50% of companies now spend over $2.4