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Restricted Cash
6 Months Ended
Jun. 30, 2023
Restricted Cash and Cash Equivalents [Abstract]  
Restricted Cash

5. Restricted cash

As of June 30, 2023 and December 31, 2022, the Company maintained two standby letters of credit totaling $10.5 million in the aggregate, which are collateralized with a bank account at a financial institution in accordance with the applicable lease agreements. The Company’s letter of credit related to its lease for industrial space located in Fremont, California was reduced from $6.7 million to $0.6 million in July 2023, and as such, $6.1 million in restricted cash is included in current assets on the balance sheet as of June 30, 2023.