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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Changes in Level 3 Liabilities Measured at Fair Value
The following table presents changes in Level 3 liabilities relating to Private Warrants measured at fair value (in thousands):
Private Warrants
Balance as of December 31, 2023
$1,069 
Change in fair value of outstanding warrants(821)
Balance as of March 31, 2024
$248 
Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements on a Recurring Basis and the Level of Inputs Used
The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):
Fair Value (in thousands) Measured as of
March 31, 2024:
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$83,433 $— $— $83,433 
U.S. treasury securities1,739 — — 1,739 
Total cash equivalents$85,172 $— $— $85,172 
Marketable investments:
U.S. treasury securities$15,448 $— $— $15,448 
U.S. agency and government sponsored securities— 2,522 — 2,522 
Commercial paper— 19,007 — 19,007 
Corporate bonds— 65,931 — 65,931 
Certificate of deposit
— 500 — 500 
Marketable equity investments5,360 — — 5,360 
Total marketable investments$20,808 $87,960 $— $108,768 
Liabilities:
Private Warrants$— $— $248 $248 
Fair Value (in thousands) Measured as of
December 31, 2023:
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$101,842 $— $— $101,842 
Commercial paper— 497 — 497 
Corporate bonds— 1,097 — 1,097 
Total cash equivalents$101,842 $1,594 $— $103,436 
Marketable investments:
U.S. treasury securities$86,784 $— $— $86,784 
U.S. agency and government sponsored securities— 2,732 — 2,732 
Commercial paper— 9,647 — 9,647 
Corporate bonds— 43,809 — 43,809 
Marketable equity investments7,755 — — 7,755 
Total marketable investments$94,539 $56,188 $— $150,727 
Liabilities:
Private Warrants$— $— $1,069 $1,069