AWS Lambda, a serverless compute service, allows for scalable application development without the need for server maintenance, and its increasing popularity necessitates effective monitoring of various metrics such as function performance, invocation-driven events, execution time, and usage. The newly launched Axiom Lambda Extension facilitates this by enabling the collection of Lambda logs, performance metrics, and platform events, which can be visualized and optimized through automatic dashboards. This extension provides comprehensive features like real-time visibility into function logs, tracking of cold starts, monitoring invocation requests, detecting timeouts, and using smart filters for deep insights into AWS Lambda functions. Users can benefit from pre-built dashboards that display detailed performance and health metrics of their serverless services, aiding in the identification and troubleshooting of function errors, and allowing for optimization of Lambda functions through actionable insights.