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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