Hi @Anthony_Dob,
The API limits documented here mention that the limits are on a per web server basis. If you are using a Sandbox or Production environment then you will likely have multiple load balanced web servers allocated for your environment. So in theory you should be able to perform at least 12k requests.
That said, I would consider redesigning your approach to process your records in a batch inside of your function, rather than making individual function calls per record. By doing so you will reduce the chance of being throttled by Dataverse, and you will reduce the costs of Azure functions (assuming you are using the consumption plan).
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