The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):


	As of December 31, 2024
	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market funds	$	10,410	$	—	$	—	$	10,410
Total cash equivalents	10,410		—		—		10,410
Short-term investments:
Corporate bonds	—		5,542		—		5,542
U.S. government agency securities	—		14,850		—		14,850
U.S. treasury securities	—		9,765		—		9,765
Total short-term investments	—		30,157		—		30,157
Long-term investments:
Corporate bonds	—		2,620		—		2,620
U.S. treasury securities	—		1,988		—		1,988
U.S. government agency securities	—		3,896		—		3,896
Total long-term investments	—		8,504		—		8,504
Total financial assets	$	10,410	$	38,661	$	—	$	49,071


	As of December 31, 2023
	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market funds	$	8,026	$	—	$	—	$	8,026
U.S. treasury securities	—		2,491		—		2,491
Total cash equivalents	8,026		2,491		—		10,517
Short-term investments:
Certificate of deposit	—		5,000		—		5,000
Commercial paper	—		989		—		989
Corporate bonds	—		3,696		—		3,696
U.S. government agency securities	—		9,650		—		9,650
U.S. treasury securities	—		8,142		—		8,142
Total short-term investments	—		27,477		—		27,477
Long-term investments:
Corporate bonds	—		1,962		—		1,962
U.S. government agency securities	—		9,840		—		9,840
Total long-term investments	—		11,802		—		11,802
Total financial assets	$	8,026	$	41,770	$	—	$	49,796