Tech Roundup / BrainStorm Reports Positive Results in ALS Trial

WebyClip raises $4.2 million for enticing videos; Hot promises fast mobile Internet via new agreement.

Nir Kafri

BrainStorm reports positive results in ALS trial

Israel’s BrainStorm Cell Therapeutics said Monday that final results of a clinical trial of its adult stem cell treatment for amyotrophic lateral sclerosis, popularly known as Lou Gehrig’s disease, slowed the disease’s progression in most cases. “Nearly all subjects in this study experienced clinical benefit from treatment with NurOwn,” the company said. BrainStorm said that of 12 patients with three or more months of follow-up, 92% experienced an improvement in disease progression. According to the ALS Association, 5,600 people in the United States are diagnosed each year with the neurodegenerative disease, whose sufferers include British physicist Stephen Hawking. The company is also developing stem cell treatments for multiple sclerosis and Parkinson’s disease. (Reuters)

WebyClip raises $4.2 million for enticing videos
WebyClip, which is developing technology that matches video clips with products, has raised $4.2 million from a group of investors led by Magma Venture Partners, the Globes financial daily reported Monday. Other investors include the venture capital funds Vertex and Maverick Ventures as well as angel investor Amit Gilon. WebyClip, whose technology identifies videos likely to prompt viewers to pay for a website’s product or service, said the proceeds would be used to expand product development. The company’s vice president for business development is Yael Arad, whose 1992 silver award for judo made her Israel’s first Olympic medalist. It was founded last year by Ariel Shemesh, Alex Koltun, and Evyatar Ben Shitrit, all former employees of Verint Systems, which provides analytic software and hardware. (TheMarker Staff)

Hot promises fast mobile Internet via new agreement
Hot group has signed a multiyear agreement with Tamares Telecom that will give Hot’s 250,000 mobile Internet users considerably more bandwidth. Under the 20 million shekel ($5.05 million) pact, Hot users will be connected internationally via Tamares undersea fiber-optic cable, giving them speeds of 500 megabits a second, the fastest available in Israel. Hot hasn’t said how it will price the service. The agreement is the first with a major telecom provider for Tamares, whose main customers are mostly large businesses using the bandwidth for their internal networks. (Amitai Ziv)