Function as a service
Function as a service (FaaS) is a category of cloud computing services that provides a platform allowing customers to develop, run, and manage application functionalities without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app. Building an application following this model is one way of achieving a "serverless" architecture, and is typically used when building microservices applications.
FaaS was initially offered by various start-ups circa 2010, such as PiCloud.
AWS Lambda was the first FaaS offering by a large public cloud vendor, followed by Google Cloud Functions, Microsoft Azure Functions, IBM/Apache's OpenWhisk (open source) in 2016 and Oracle Cloud Fn (open source) in 2017.