Cerebral Inc. has taken legal action to collect on a $50 million loan it made to Co-Founder and former CEO Kyle Robertson. The behavioral health tech company asked a state judge in New York to order Robertson to pay $25.4 million of a $49.8 million promissory note. Cerebral issued Robertson the loan in January to […]
Cerebral Inc. may be headed for a legal battle with former CEO Kyle Robertson, one of the co-founders of the mental health company. Robertson stopped being Cerebral’s CEO in May, when he was replaced by Chief Medical Officer Dr. David Mou. On Friday, a source told Behavioral Health Business that Robertson has sent a letter […]
The leaders of Cerebral Inc. reportedly told employees that the company grew too fast and that it’s now pulling back on growth to get onto a sustainable trajectory. On Monday, top executives of Cerebral — including President Jessica Muse and CEO David Mou — held town hall meetings with employees as part of the communication […]
Cerebral Inc. announced to employees it will lay off 20% of its workforce, impacting just over 1,000 people. This news, which was first reported by The Wall Street Journal, marks the second major round of layoffs announced by the company this year. In June, the San Francisco-based digital mental health startup confirmed it would institute […]
Cerebral Inc. plans to phase out its care counselor services. The fast-growing, controversial virtual behavioral health startup confirmed Friday that it will no longer take new patients seeking care counselor services. The company will continue to offer the service to existing clients for the sake of “continuity of care,” according to a statement from a […]
The virtual ADHD medication management company Done Global Inc., branded as Done., is reportedly under investigation by the Drug Enforcement Administration’s Diversion Control Division. DEA diversion control division agents have also made similar inquiries to Cerebral Inc., a virtual mental health company that promised speedy access to mental health prescribers, according to a Wall Street […]
Digital mental health company Cerebral is using a machine learning algorithm to help pinpoint patients in crisis. And the recently unveiled initiative is “just the beginning” of Cerebral’s use of machine learning-enabled solutions, according to the company. “Machine learning (ML) and artificial intelligence (AI) are critical tools in the advancement of mental health care, but […]
Mental health continued to top all digital health investment in 2022’s first half. Yet the entire market may be headed for a potential cooldown, with inflation, global unrest and regulatory uncertainty contributing to more conservative mindsets among investors and founders alike. “Coming off the launch ramp of 2021, digital health founders, funders and corporate execs […]
Cerebral is doubling down on mental health and focusing on treating patients with serious mental illness. In turn, some of the company’s more “exploratory” efforts, such as expanding into primary care, are now on hold. The digital mental health company’s newly minted CEO, David Mou, told Behavioral Health Business that under his direction the company […]
Four venture capital principals in the health tech space called out and condemned the VC-backed startup ethos of growing at all costs in digital mental health. The principals, who spoke on a panel during the 2022 Going Digital: Behavioral Health Tech conference, also said bad actors in digital health reveal the need for industry standards […]
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