Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table sets forth the recurring fair value of the Company’s financial assets and liabilities, allocated into the Level 1, Level 2 and Level 3 hierarchy that were measured at fair value on a recurring basis (in thousands):

	Fair Value Measurements as of March 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	23,654	$	—	$	—	$	23,654
U.S. government treasury bills	50,076		—		—		50,076
Commercial paper	—		47,233		—		47,233
Corporate bonds	—		4,260		—		4,260
Government agency	—		15,559		—		15,559
Total financial assets	$	73,730	$	67,052	$	—	$	140,782

	Fair Value Measurements as of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	32,035	$	—	$	—	$	32,035
U.S. government treasury bills	70,708		—		—		70,708
Commercial paper	—		53,296		—		53,296
Corporate bonds	—		4,250		—		4,250
Government agency	—		5,287		—		5,287
Total financial assets	$	102,743	$	62,833	$	—	$	165,576

(1)Included in cash and cash equivalents in the accompanying condensed consolidated balance sheets.