Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities 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:

	December 31, 2023
	Level 1		Level 2		Level 3		Total
	(in thousands)
Marketable securities
Money market funds	$	23,331	$	—	$	—	$	23,331
U.S. treasury securities	129,762		—		—		129,762
U.S. agency bonds	—		2,986		—		2,986
Total marketable securities	$	153,093	$	2,986	$	—	$	156,079
	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