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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities at Fair Value
The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis:
December 31, 2021
Level 1Level 2Level 3Total Fair Value
Cash equivalents
Money market funds$1,213,543 $— $— $1,213,543 
Marketable securities
U.S. government securities418,284 — — 418,284 
Commercial paper— 13,878 — 13,878 
Asset-backed securities— 2,002 — 2,002 
Corporate debt securities— 18,711 — 18,711 
Total assets$1,631,827 $34,591 $— $1,666,418 
December 31, 2020
Level 1Level 2Level 3Total Fair Value
Cash equivalents
Money market funds$203,592 $— $— $203,592 
Marketable securities
U.S. government securities125,864 — — 125,864 
Commercial paper— 4,991 — 4,991 
Asset-backed securities— 4,315 — 4,315 
Corporate debt securities— 14,733 — 14,733 
Total assets$329,456 $24,039 $— $353,495 
Other liabilities
Redeemable convertible preferred stock warrants$— $— $2,517 $2,517 
Total liabilities$— $— $2,517 $2,517 
Schedule of Fair Value Assumptions
The fair value of the redeemable convertible preferred stock warrant liabilities was estimated using the following assumptions:
June 9,
2021
December 31,
2020
Dividend yield0.00%0.00%
Expected volatility49.93%49.93%
Expected term (in years)2.342.78
Risk-free interest rate0.31%0.17%
Fair value of Series B redeemable convertible preferred stock$27.00$12.66
Summary of Changes in Fair Value
The following table sets forth a summary of the changes in the fair value of the redeemable convertible preferred stock warrant liabilities:
December 31,
2021
December 31,
2020
Balance, beginning of the period$2,517 $569 
Remeasurement of redeemable convertible preferred stock warrant liabilities2,921 1,948 
Reclassification of redeemable convertible preferred stock warrant liabilities to common stock and additional paid-in capital upon initial public offering(5,438)— 
Balance, end of the period$— $2,517