Category: AWS Lambda

Founded in 2016, Kavak is the digital platform that’s making it easier than ever to buy and sell cars. The Mexico City-based founded startup recently achieved “unicorn” status after reaching a $1.15 billion valuation, the first tech company in the country to do so. As Kavak expands its operations to Argentina and sets sights on Brazil, we sit down with Vice President of Data Science, Anders Christiansen, to chat about how machine learning and AWS serverless services helped build the engine behind the company’s ever-improving workflow.

Overnight, the COVID-19 pandemic reshaped how and where Americans work. By June, according to a survey from Stanford researchers, 42% of the U.S. labor force was working from home full time, with millions more not working at all. For employers, that shift has led to new challenges as they navigate an unprecedented economy. One big question: what to do with all the empty offices?

The Teraki platform, built by AI startup Teraki, automatizes intelligent sensor processing for telematics, video, and 3D point cloud data. The platform is developed with a single ideological concept/goal: Deliver scalability to manage the increasing need to handle sensor data from vehicles and devices in high volumes. Here’s how the team is leveraging AWS IoT services to do it.

Bond markets are huge, far larger than stock markets, with over eight million securities in contrast with only six hundred thousand stocks. They are also far more complex than equities. Minimum investment of $200,000 for most popular bonds means most non-institutional investors cannot invest in bond markets! That’s where fintech and blockchain startup BondEvalue comes in.

Headquartered in New York, Rally has built a platform that turns collectible items into investable securities, enabling anyone to take part in the potential financial upside of owning high-value assets. From Aston Martins to rare Hermès Birkin bags, Rally users can browse the various categories, select which items to learn more about, and purchase shares in whatever catches their eye, all from the company’s mobile app.

FinBox is a comprehensive digital lending platform with a focus on underwriting using alternative data. For one of FinBox’s products DeviceConnect, they provide a credit score based on enriched mobile device data for customers. At the time of writing this article, they were scoring close to a million customers per month and ingesting close to 80 GB of new data every day. DeviceConnect makes heavy use of Amazon DynamoDB. Here are the lessons they learned after using DynamoDB in the product for the last year.

Want to build a database-backed website, or the backend to a mobile app? Set up a WordPress or Drupal site, or just use an Amazon S3 bucket to store files? You can do all this and much more on AWS.

Rewards platform Freebird moved their high-volume, low latency data processing workloads to an entirely serverless model, saving more than 33%  in infrastructure costs. Learn how they achieved this by leveraging AWS Step Functions – Express Workflows, Lambda, and other AWS services.

In this second installment of the Scaling Down Infrastructure series, we are looking into cost optimization techniques for your databases, on the popular engines we see you using the most, whether it’s in an analytical or transactional style, or if it’s relational, document, key value or time series in nature. 

By focusing on the underserved SME sector and strong product values like customer satisfaction and data-driven methods, German fintech startup VAI Trade has entered the refinancing industry as a breath of fresh air.