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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill was comprised of the following as of March 31, 2023 and December 31, 2022 (in thousands):

Carrying Amount
Balance as of December 31, 2021
$27,795 
Foreign currency translation adjustments(1,446)
Balance as of December 31, 2022
26,349 
Foreign currency translation adjustments362 
Balance as of March 31, 2023
$26,711 
Schedule of Finite-Lived Intangible Assets
Intangible assets, net consisted of the following as of March 31, 2023 and December 31, 2022 (in thousands):

As of
March 31, 2023December 31, 2022
Developed technology$6,987 $6,893 
Customer relationships - Non-Robotic Process Automation (“RPA”)838 827 
Customer relationships - RPA250 246 
Intangible assets, gross8,075 7,966 
Less: accumulated amortization(3,125)(2,715)
Intangible assets, net$4,950 $5,251 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table shows the projected annual amortization expense related to amortizable intangible assets as of March 31, 2023:

Projected Amortization
2023 (excluding the three months ended March 31, 2023)
$1,118 
20241,491 
20251,186 
2026763 
202794 
Thereafter298 
Total projected amortization expense$4,950