That's how every FaaS (Function as a Service) offering works.

A caveat is that most non trivial applications need something more than running a function.

You might need secrets management, ephemeral and non ephemeral storage, relational databases, non relational databases, dependency management, AAA capabilities, observability, queues/async, caching, custom domains... That's where said offerings differ.

EDIT: actually most FaaS offerings take code as input, not binaries. I'm not sure if that was the relevant part of your question. If it was, then yeah I don't know of such service.