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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (86,075) $ (91,361)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 14,461 6,748
Depreciation and amortization expense 1,756 786
Accretion of discount and amortization of premium on investments, net 3,237 738
Non-cash lease expense 367 262
Change in fair value of preferred stock purchase right liability 40,163
Others (30) (14)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (4,435) (3,645)
Accounts payable and accrued and other liabilities 2,792 2,817
Net cash used in operating activities (67,927) (43,506)
Cash flows from investing activities:    
Purchases of available-for-sale securities (227,282) (222,570)
Proceeds from maturities of available-for-sale securities 264,841 20,000
Purchase of property and equipment (5,025) (7,511)
Net cash provided by (used in) investing activities 32,534 (210,081)
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred stock, net of issuance costs 64,321
Proceeds from initial public offering, net of issuance costs 265,096
Proceeds from stock option exercises 1,479 387
Proceeds from early exercise of stock options 13
Payments of deferred offering costs (277)
Net cash provided by financing activities 1,202 329,817
Net (decrease) increase in cash and cash equivalents (34,191) 76,230
Cash, cash equivalents and restricted cash at beginning of year 97,105 20,875
Cash, cash equivalents and restricted cash at end of year 62,914 97,105
Reconciliation of cash, cash equivalents and restricted cash to the balance sheets:    
Cash and cash equivalents 60,816 96,692
Restricted cash 2,098 413
Total cash, cash equivalents and restricted cash 62,914 97,105
Supplemental disclosures of non-cash investing and financing activities:    
Acquisitions of property and equipment $ 238 $ 455