Multi-tenant optimized serverless placement using network interface card and commodity storage may be provided. A first request to execute a first function may be received. Next, it may be determined to execute the first function at a first network interface card. The first network interface card may include a plurality of processors. Then, a container may be created at the first network interface card. The container may have at least one processor of the plurality of processors. The first function may be executed at the container.