Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Schedule of Financial Instruments Measured on Recurring Basis

The following table sets forth the fair value of the Company’s financial assets and liabilities by level within the fair value hierarchy (in thousands):

Description:	June 30, 2024		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash equivalents:
Money market funds	$	144,091	$	144,091	$	—	$	—
Short-term investments:
U.S. Treasury	85,439		85,439		—		—
Commercial paper	13,884		—		13,884		—
Total	$	243,414	$	229,530	$	13,884	$	—

Description:	December 31, 2023		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash equivalents:
Money market funds	$	144,892	$	144,892	$	—	$	—
Short-term investments:
U.S. Treasury	47,366		47,366		—		—
Federal agency securities	35,818		—		35,818		—
Commercial paper	11,927		—		11,927		—
Total	$	240,003	$	192,258	$	47,745	$	—