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★ Forbes 30U30 2022🤝 Settled

KYLE ROBERTSON

Cerebral · 2022

Healthcare regulatory violations / patient data misuse

Kyle Robertson founded Cerebral, a telehealth mental health platform that raised $300M and reached a $4.8B valuation. The company faced DOJ investigation for allegedly violating the Controlled Substances Act by prescribing Adderall without adequate medical evaluations. The company also shared protected patient health data with Facebook and TikTok advertising pixels without consent. Cerebral settled with the FTC in 2023 for $7M for sharing health data.

Raised

$300M

Outcome

💸 Fined

Victims

200,000

Investors

SoftBankFoley TrasimeneAccess Industries