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Fair Value Measurement
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurement Fair Value Measurement
The following table sets forth the recurring fair value of the Company’s financial assets and liabilities, allocated into the Level 1, Level 2 and Level 3 hierarchy that were measured at fair value on a recurring basis (in thousands):
Fair Value Measurements as of June 30, 2024
Level 1Level 2Level 3Total
Assets:
Money market funds (1)$36,820 $— $— $36,820 
U.S. government treasury bills (2)28,942 — — 28,942 
Commercial paper— 3,536 — 3,536 
Corporate bonds— 7,947 — 7,947 
Total financial assets$65,762 $11,483 $— $77,245 
Fair Value Measurements as of December 31, 2023
Level 1Level 2Level 3Total
Assets:
Money market funds (1)$61,034 $— $— $61,034 
U.S. government treasury bills19,458 — — 19,458 
Commercial paper— 8,717 — 8,717 
Corporate bonds (2)— 13,447 — 13,447 
Government agency— 5,482 — 5,482 
Total financial assets$80,492 $27,646 $— $108,138 
(1)Included in cash and cash equivalents in the accompanying condensed consolidated balance sheets.
(2)Includes investments classified as cash and cash equivalents in the accompanying consolidated balance sheets.
All marketable securities had a contractual maturity of less than one year as of June 30, 2024.