| Summary of Intangible Assets |
The following tables summarize the Company’s intangible assets for the periods presented (in thousands, except years): | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2023 | | Gross
Carrying
Amount | | Accumulated Amortization | | Net
Carrying
Amount | | Weighted-Average Useful Lives
(in years) | | Developed technology | $ | 73,367 | | | $ | (49,087) | | | $ | 24,280 | | | 5.9 | | Customer relationships | 14,100 | | | (13,948) | | | 152 | | | 4.0 | | Tradename | 20,400 | | | (5,966) | | | 14,434 | | | 9.8 | | Patents | 4,076 | | | (1,189) | | | 2,887 | | | 14.0 | | Total Intangible assets | $ | 111,943 | | | $ | (70,190) | | | $ | 41,753 | | | 6.7 |
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | | Gross
Carrying
Amount | | Accumulated Amortization | | Net
Carrying
Amount | | Weighted-Average Useful Lives
(in years) | | Developed technology | $ | 73,367 | | | $ | (37,278) | | | $ | 36,089 | | | 5.9 | | Customer relationships | 14,100 | | | (10,920) | | | 3,180 | | | 4.0 | | Tradename | 20,400 | | | (3,966) | | | 16,434 | | | 9.8 | | Patents | 4,076 | | | (898) | | | 3,178 | | | 14.0 | | Total Intangible assets | $ | 111,943 | | | $ | (53,062) | | | $ | 58,881 | | | 6.7 |
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| Schedule of Estimated Future Amortization Expense for Intangible Asset |
As of December 31, 2023, the estimated future amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands): | | | | | | | Year Ending December 31, | | | 2024 | $ | 14,252 | | | 2025 | 12,533 | | 2026 | 4,074 | | 2027 | 2,737 | | 2028 | 2,291 | | Thereafter | 5,866 | | Total | $ | 41,753 | |
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