The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2022 (in thousands):


	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	28,705	$	28,705	$	—	$	—

U.S. Treasury securities	799		—		799		—
Marketable securities:
Corporate debt securities	234,327		—		234,327		—
U.S. government debt securities	47,641		—		47,641		—
U.S. Treasury securities	25,393		—		25,393		—
Total cash equivalents and marketable securities	$	336,865	$	28,705	$	308,160	$	—

The following table sets forth the fair value of the Company’s financial assets by level within the fair value hierarchy at December 31, 2021 (in thousands):


	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	59,162	$	59,162	$	—	$	—
Corporate debt securities	11,649		—		11,649		—
U.S. Treasury securities	5,000		—		5,000		—
Marketable securities:
Corporate debt securities	308,300		—		308,300		—
U.S. government debt securities	37,883		—		37,883		—
U.S. Treasury securities	29,172		—		29,172		—
Total cash equivalents and marketable securities	$	451,166	$	59,162	$	392,004	$	—