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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables set forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy (in thousands):
December 31, 2023
Level 1Level 2Level 3Total
Financial Assets
Money market funds$42,126 $— $— $42,126 
Certificates of deposit— 12,528 — 12,528 
Cash equivalents42,126 12,528 — 54,654 
Commercial paper— 50,962 — 50,962 
Agency debt securities— 2,995 — 2,995 
U.S. Treasury and government debt securities— 42,878 — 42,878 
Marketable securities— 96,835 — 96,835 
Total financial assets
$42,126 $109,363 $— $151,489 
December 31, 2022
Level 1Level 2Level 3Total
Financial Assets
Money market funds$48,884 $— $— $48,884 
Certificates of deposit— 4,169 — 4,169 
Cash equivalents48,884 4,169 — 53,053 
Commercial paper— 63,483 — 63,483 
Agency debt securities— 5,778 — 5,778 
U.S. Treasury and government debt securities— 12,752 — 12,752 
Marketable securities— 82,013 — 82,013 
Total financial assets
$48,884 $86,182 $— $135,066 

There were no transfers between Level 1 and Level 2 fair value measurement categories during the years ended December 31, 2023 and 2022.