Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy

The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

	June 30, 2022
	Level 1		Level 2		Level 3		Total
Money market funds	$	16,286	$	—	$	—	$	16,286
US treasuries		75,559		—		—		75,559
Government treasury and agency securities		—		6,024		—		6,024
Corporate securities and commercial paper		—		183,871		—		183,871
Total assets measured at fair value	$	91,845	$	189,895	$	—	$	281,740

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Money market funds	$	115,410	$	—	$	—	$	115,410
US treasuries		24,053		—		—		24,053
Government treasury and agency securities		—		7,600		—		7,600
Corporate securities and commercial paper		—		171,842		—		171,842
Total assets measured at fair value	$	139,463	$	179,442	$	—	$	318,905

Changes In Fair Values of Convertible Preferred Stock Warrants and Common Stock Warrants, Classified as Level 3 Financial Liabilities

The following table presents the changes in fair values of the Company’s convertible preferred stock warrants and common stock warrants, classified as level 3 financial liabilities (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Beginning balance	$	—	$	306	$	—	$	314
Fair value of warrants issued in connection with debt financing		—		128		—		128
Change in fair value		—		164		—		156
Ending balance	$	—	$	598	$	—	$	598