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Shareholders’ Equity (Tables)

12 Months Ended

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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