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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net loss $ (130,323) $ (63,412)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,141 667
Accretion of discount on available-for sale securities 1,253 53
Stock-based compensation 16,262 4,888
Reduction in the carrying amount of right-of-use assets 1,273  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,612) (1,330)
Other long-term assets   96
Accounts payable 3,859 1,513
Accrued liabilities 773 4,804
Deferred rent   (366)
Operating lease liabilities 1,125  
Other current liabilities 139  
Net cash used in operating activities (106,110) (53,087)
Investing activities:    
Purchases of property and equipment (1,654) (464)
Purchases of available-for-sale securities (225,601) (82,700)
Proceeds from sale of available-for-sale securities 5,993  
Proceeds from maturities of available-for-sale securities 133,026  
Net cash used in investing activities (88,236) (83,164)
Financing activities:    
Proceeds from the exercise of common stock options 1,610 22
Proceeds from employee stock purchase plan 185  
Proceeds from Paycheck Protection Program loan   500
Repayments of Paycheck Protection Program loan   (500)
Proceeds from issuance of redeemable convertible preferred stock (including $13,900 of proceeds from the related parties)   102,000
Payments of issuance costs related to redeemable convertible preferred stock   (5,193)
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions   267,021
Payments of offering costs related to initial public offering   (2,974)
Net cash provided by financing activities 1,795 360,876
(Decrease) increase in cash, cash equivalents, and restricted cash (192,551) 224,625
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5) 9
Cash, cash equivalents, and restricted cash at beginning of year 268,565 43,931
Cash, cash equivalents, and restricted cash at end of year 76,009 268,565
Supplemental disclosures of cash flow information:    
Cash paid for amounts included in the measurement of lease liability 996  
Non-cash investing and financing activities:    
Reclassification of redeemable convertible preferred stock to common stock upon initial public offering   241,418
Accretion on redeemable convertible preferred stock   705
Right-of-use assets obtained in exchange for lease liability 21,084  
Leasehold improvements obtained in exchange for tenant improvement allowance from lessors 10,860  
Purchase of property and equipment included in accounts payable and accrued liabilities $ 5,540  
Beneficial conversion feature recognized upon issuance of redeemable convertible preferred stock   6,297
Deemed dividend arising from conversion of beneficial conversion feature   $ 6,219