Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Marketable Securities Measured at Fair Value on Recurring Basis

The table below summarizes the fair value of the Company’s marketable securities measured at fair value on a recurring basis based on the three-tier fair value hierarchy:

	September 30, 2023
	Level 1		Level 2		Level 3		Total
	(in thousands)
Marketable securities
Money market funds	$	38,760	$	—	$	—	$	38,760
U.S. treasury securities	104,340		—		—		104,340
U.S. agency bonds	—		4,437		—		4,437
Commercial paper	—		4,484		—		4,484
Total marketable securities	$	143,100	$	8,921	$	—	$	152,021
	December 31, 2022
	Level 1		Level 2		Level 3		Total
	(in thousands)
Marketable securities
Money market funds	$	8,002	$	—	$	—	$	8,002
U.S. treasury securities	48,535		—		—		48,535
U.S. agency bonds	—		2,921		—		2,921
Corporate bonds	—		2,911		—		2,911
Commercial paper	—		22,206		—		22,206
Total marketable securities	$	56,537	$	28,038	$	—	$	84,575