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Shareholders’ Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Shareholders’ Equity [Abstract] |
Schedule of Stock Option Activity | A summary of the stock option activity under the Company’s equity plans during the years ended December 31, 2023, 2022 and 2021 is as follows:
|  | Outstanding share options |  |  | Weighted-average exercise price ($) |  |  | Weighted average remaining contractual life (years) |  |  | Aggregate intrinsic value ($ in thousands) |
Options: |  |  |  |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2020 |  |  | 3,768,034 |  |  |  | 0.767 |  |  |  | 4.626 |  |  |  | 119,146 |
Granted |  |  | 1,966,916 |  |  |  | 7.250 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (117,863 | ) |  |  | 0.972 |  |  |  |  |  |  |  |  |
Exercised |  |  | (155,750 | ) |  |  | 0.602 |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2021 |  |  | 5,461,337 |  |  |  | 3.102 |  |  |  | 5.363 |  |  |  | 16,713,971 |
Granted |  |  | 1,630,142 |  |  |  | 6.833 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (468,814 | ) |  |  | 5.557 |  |  |  |  |  |  |  |  |
Exercised |  |  | (570,451 | ) |  |  | 0.482 |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2022 |  |  | 6,052,214 |  |  |  | 4.166 |  |  |  | 5.570 |  |  |  | 7,761,705 |
Granted |  |  | 430,874 |  |  |  | 2.728 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (351,671 | ) |  |  | 7.767 |  |  |  |  |  |  |  |  |
Exercised |  |  | (1,074,162 | ) |  |  | 0.654 |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2023 |  |  | 5,057,255 |  |  |  | 4.543 |  |  |  | 5.662 |  |  |  | 2,352,517 |
Exercisable as of December 31, 2023 |  |  | 3,210,191 |  |  |  | 3.643 |  |  |  | 4.403 |  |  |  | 2,277,303 |
Options available for future grants |  |  | 611,246 |  |  |  |  |  |  |  |  |  |  |  |  |
Schedule of RSUs Activity | A summary of the Company’s RSUs activity during the years ended December 31, 2023, 2022 and 2021 is as follows:
|  | Numbers of RSUs |
RSUs: |  |  |
Outstanding as of January 1, 2021 |  |  | - |
Granted |  |  | 1,968,794 |
Forfeited |  |  | - |
Vested |  |  | - |
Outstanding as of December 31, 2021 |  |  | 1,968,794 |
Granted |  |  | 1,619,898 |
Forfeited |  |  | (417,025 | )
Vested |  |  | (573,583 | )
Outstanding as of December 31, 2022 |  |  | 2,598,084 |
Granted |  |  | 2,908,983 |
Forfeited |  |  | (370,067 | )
Vested |  |  | (895,170 | )
Outstanding as of December 31, 2023 |  |  | 4,241,830 |
Schedule of Compensation to Employees | The following table sets forth the parameters used in computation of the options compensation to employees and service providers:
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Expected term, in years |  |  | 5.82 |  |  |  | 4.41-6.11 |  |  |  | 4.61-6.11 |
Expected volatility |  |  | 47%-51.75% |  |  |  | 47%-48% |  |  |  | 42%-46% |
Risk-free interest rate |  |  | 4.15%-4.55% |  |  |  | 1.74%-3.96% |  |  |  | 0.49%-1.28% |
Expected dividend yield |  |  | 0% |  |  |  | 0% |  |  |  | 0% |
Schedule of Share Based Compensation Expense | The following table presents stock-based compensation expense to employees included in the Company’s consolidated statements of operations:
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Research and development |  | $ | 8,721 |  |  | $ | 5,726 |  |  | $ | 1,518 |
Sales and marketing |  |  | 2,229 |  |  |  | 1,403 |  |  |  | 217 |
General and administrative |  |  | 1,786 |  |  |  | 1,537 |  |  |  | 419 |
Cost of revenues |  |  | 276 |  |  |  | 127 |  |  |  | 57 |
Total stock-based compensation expense |  | $ | 13,012 |  |  | $ | 8,793 |  |  | $ | 2,211 |

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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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