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Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In October 2021, the Company entered into a new agreement to sublease approximately 34,229 square feet of office space located in Redwood City, California. The Company will use the space to support its general and administrative functions, sales and marketing, technology and development, engineering and customer support.
Pursuant to the sublease agreement, as amended, the lease term will commence on December 1, 2021 and will terminate on March 31, 2028. The annual lease payments during the first year are approximately $3.4 million, escalating 3.0% annually thereafter. Rent expense will be recorded on a straight-line basis over the sublease term. The Company has provided an irrevocable letter of credit in the amount of approximately $3.5 million, pursuant to the terms of the sublease.