Svix raises $2.6 million in pre-Seed funding with the help of Y Combinator

Israeli company Svix, which helps companies trigger API notifications with its Webhooks-as-a-Service offering, has announced that it has raised $2.6 million in pre-Seed funding to help expand its operations and advance its technology. The round included participation from Y Combinator and Aleph and angel investors across a variety of industries, including the former CTO of Github, and co-founders of PagerDuty, Lookout, and Segment.

Webhooks are content-agnostic ‘user-defined HTTP callbacks’ usually triggered by an event, such as pushing code to a repository or a comment being posted on a website. Scenarios could include a payment processor sending a webhook after payment has been made so an invoice can be sent to an email, or platforms like Gmail sending a webhook after someone receives an email so an add-on can process it. Developers often lack expertise in webhooks expertise, and even if managed correctly, building an entire webhooks system costs developers time that could be better spent elsewhere.

Tom Hacohen, CEO of Svix. Photo: Svix

Svix helps companies trigger their API notifications, critical to assist in automation with code, low-code, and no-code that users increasingly expect from products. Using its platform, developers can have a webhooks system running in minutes and help them focus on developing the core product or service. A pre-built app portal is also available to customers which allows them to offer users management, debugging, monitoring, and testing directly from the browser.

"Webhooks have the potential to be any SaaS product's nervous system, spreading data in a unilateral, controlled way to any other application,” added Aaron Rosenson, General Partner at Aleph. "They are some of the most powerful, underappreciated tools for building modern software and Svix has built the first enterprise-grade product for holistically managing them.”