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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2021 and December 31, 2020:

 

 

 

Fair Value Measurements as of March 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents money market funds

 

$

231,651

 

 

$

 

 

$

 

 

$

231,651

 

 

 

$

231,651

 

 

$

 

 

$

 

 

$

231,651

 

 

 

 

Fair Value Measurements as of December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents — money market funds

 

$

44,416

 

 

$

 

 

$

 

 

$

44,416

 

 

 

$

44,416

 

 

$

 

 

$

 

 

$

44,416