0001178913-21-002793 | 10-Q | XBRL Viewer

Balance (in shares) at Dec. 31, 2019

$ 2

$ (4,881)

$ (882)

$ 0

$ (204,520)

$ (210,281)

22,959,969

Balance (in Shares) at Dec. 31, 2019

$ 1,921

$ 155,550

1,043,778

15,779,322

Treasury Stock, Shares, Beginning Balance at Dec. 31, 2019

7,685,190

Issuance of common shares upon exercise of stock options

$ 0

1,796

$ 0

^[1]

$ 0

Issuance of common shares upon exercise of stock options (in Shares)

1,007,769

Issuance of common shares upon business combination

$ 0

^[1]

$ 0

2,578

Issuance of common shares upon business combination (in Shares)

1,226,515

Accretion of redeemable convertible preferred stock

$ 0

(2,641)

Accretion of redeemable convertible preferred stock

$ 0

$ 2,641

Accretion of redeemable convertible preferred stock (in Shares)

Treasury Stock, Shares, Ending Balance at Jun. 30, 2020

$ 0

(15,990)

7,685,190

Balance (in shares) at Jun. 30, 2020

$ 2

$ (4,881)

(882)

1,759

(220,510)

(224,512)

25,194,253

Balance (in Shares) at Jun. 30, 2020

$ 1,921

$ 158,191

1,043,778

15,779,322

Balance (in shares) at Dec. 31, 2019

$ 2

$ (4,881)

(882)

(204,520)

(210,281)

22,959,969

Balance (in Shares) at Dec. 31, 2019

$ 1,921

$ 155,550

1,043,778

15,779,322

Treasury Stock, Shares, Beginning Balance at Dec. 31, 2019

7,685,190

Issuance of preferred stock upon exercise of warrants

$ 0

Treasury Stock, Shares, Ending Balance at Dec. 31, 2020

7,685,190

Balance (in shares) at Dec. 31, 2020

$ 2

$ (4,881)

(882)

8,388

(263,283)

$ (260,656)

25,467,922

Balance (in Shares) at Dec. 31, 2020

$ 1,921

$ 158,191

$ 160,112

1,043,778

15,779,322

Balance at Mar. 31, 2020

$ 2

$ (4,881)

(882)

612

(209,504)

(214,653)

Balance (in shares) at Mar. 31, 2020

25,138,454

Balance at Mar. 31, 2020

$ 1,921

$ 158,191

Balance (in Shares) at Mar. 31, 2020

1,043,778

15,779,322

Treasury Stock, Shares, Beginning Balance at Mar. 31, 2020

7,685,190

Issuance of common shares upon exercise of stock options

$ 0

1,134

$ 0

^[1]

Issuance of common shares upon exercise of stock options (in Shares)

55,799

Treasury Stock, Shares, Ending Balance at Jun. 30, 2020

$ 0

(11,006)

7,685,190

Balance (in shares) at Jun. 30, 2020

$ 2

$ (4,881)

(882)

1,759

(220,510)

(224,512)

25,194,253

Balance (in Shares) at Jun. 30, 2020

$ 1,921

$ 158,191

1,043,778

15,779,322

Balance (in shares) at Dec. 31, 2020

$ 2

$ (4,881)

(882)

8,388

(263,283)

$ (260,656)

25,467,922

Balance (in Shares) at Dec. 31, 2020

$ 1,921

$ 158,191

$ 160,112

1,043,778

15,779,322

Treasury Stock, Shares, Beginning Balance at Dec. 31, 2020

7,685,190

Issuance of common shares upon exercise of stock options

$ 0

9,173

$ 9,173

Loan forgiveness

882

$ 0

^[1]

277

Issuance of common shares upon exercise of stock options (in Shares)

326,340

Issuance of preferred stock upon exercise of warrants

$ 0

Issuance of preferred stock upon exercise of warrants

$ 1,149

1,149

Issuance of preferred stock upon exercise of warrants (in Shares)

27,011

Treasury Stock, Shares, Ending Balance at Jun. 30, 2021

$ 0

(18,275)

$ (18,275)

7,685,190

Balance (in shares) at Jun. 30, 2021

$ 2

$ (4,881)

17,838

(281,558)

$ (268,599)

25,794,262

Balance (in Shares) at Jun. 30, 2021

$ 1,921

$ 159,340

$ 161,261

1,043,778

15,806,333

Balance at Mar. 31, 2021

$ 2

$ (4,881)

13,560

(278,839)

(270,158)

Balance (in shares) at Mar. 31, 2021

25,755,951

Balance at Mar. 31, 2021

$ 1,921

$ 159,340

Balance (in Shares) at Mar. 31, 2021

1,043,778

15,806,333

Treasury Stock, Shares, Beginning Balance at Mar. 31, 2021

7,685,190

Issuance of common shares upon exercise of stock options

$ 0

4,213

$ 0

^[1]

Issuance of common shares upon exercise of stock options (in Shares)

38,311

Treasury Stock, Shares, Ending Balance at Jun. 30, 2021

$ 0

(2,719)

$ (2,719)

7,685,190

Balance (in shares) at Jun. 30, 2021

$ 2

$ (4,881)

$ 0

$ 17,838

$ (281,558)

$ (268,599)

25,794,262

Balance (in Shares) at Jun. 30, 2021

$ 1,921

$ 159,340

$ 161,261

1,043,778

15,806,333

[1]	Represents an amount lower than $ 1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (2,719)	$ (11,006)	$ (18,275)	$ (15,990)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			1,200	2,093
Stock-based compensation expenses			9,173	1,796
Increase in deferred contract acquisition and fulfillment costs			(6,554)	(1,769)
Change in valuation of warrants to purchase preferred and common stock	(5,928)	10,625	(1,776)	10,034	$ 41,505
Non-cash interest expenses			222	43
Non-cash expenses with respect to stockholders’ loans.			882	0
Changes in operating assets and liabilities:
Increase in trade receivables			(6,612)	(692)
Increase in prepaid expenses and other current assets and other assets, noncurrent			(1,945)	(215)
Decrease in trade payables			(177)	(415)
Increase in accrued expenses and other current liabilities			3,112	2,801
Increase in employees and payroll accruals			4,085	989
Increase (decrease) in other liabilities, noncurrent			(309)	219
Increase (decrease) in deferred revenue			11,279	(2,082)
Net cash used in operating activities			(5,695)	(3,188)
Cash flows from investing activities:
Net cash acquired in business combination			0	383
Purchases of property and equipment			(956)	(566)
Capitalized internal-use software			(1,255)	(382)
Purchase of intangible assets			(79)	(89)
Net cash used in investing activities			(2,290)	(654)
Cash flows from financing activities:
Proceeds from long term loans, net of debt issuance cost			41,915	2,000
Repayment of long-term loans			(28,833)	0
Principal payments on finance leases			(956)	(1,267)
Proceeds from exercise of options by employees			277	26
Payment of deferred offering costs			(2,594)	0
Net cash provided by financing activities			9,809	759
Increase (decrease) in cash, cash equivalents and restricted cash			1,824	(3,083)
Cash, cash equivalents and restricted cash at the beginning of the period			28,355	27,144	27,144
Cash, cash equivalents and restricted cash at the end of the period	30,179	24,061	30,179	24,061	28,355
Non-cash transactions:
Purchase of property and equipment, internal-use software and intangible asset in credit			1,534	75
Issuance of common shares and warrant with respect to business combination			0	3,799
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net			(946)	(543)
Cash paid for interest			(1,215)	(1,939)
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets:
Cash and cash equivalents	29,772	23,456	29,772	23,456	27,711
Restricted cash included in other assets, non-current	407	605	407	605	644
Total cash, cash equivalents, and restricted cash	$ 30,179	$ 24,061	$ 30,179	$ 24,061	$ 28,355

BUSINESS

6 Months Ended

Jun. 30, 2021

Business [Abstract]

BUSINESS

NOTE 1:

BUSINESS

Description of Business

Kaltura, Inc. (together with its subsidiaries, the “Company”) was incorporated in October 2006 and commenced operations in January 2007. The Company’s business operations are allocated between two main segments, Enterprise, Education, and Technology (“EE&T”) and Media and Telecom (“M&T”). The Company has developed a platform for video creation, management, and collaboration. The Company's platform enables companies, educational institutions, and other organizations to cost-effectively launch advanced online video experiences, including for Over-the-top (“OTT”) Television, Cloud TV, web video publishing, video-based teaching, learning, and training, video-based marketing, and video-based collaboration. The Company’s core offerings consist of various Software-as-a-Service (“SaaS”) products and solutions and a Platform-as-a-Service (“PaaS”).

Initial Public Offering

On July 23, 2021, after the balance sheet date, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 15,000,000 shares of its common stock at an offering price of $10.00 per share. On August 6, 2021, the underwriters of the IPO exercised in full their option to purchase 2,250,000 additional shares of common stock at the offering price of $10.00 per share. The Company received net proceeds of $155.4 million after deducting underwriting discounts and commissions of $10.5 million, and other issuance costs of $5.0 million.

See Note 15 Subsequent Events for additional information related to the IPO.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2:

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Consolidation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting.

The condensed consolidated balance sheet as of December 31, 2020 was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by U.S. GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2020, included in the Company’s final prospectus dated July 22, 2021 (the “Prospectus”) filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended.

In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements with normal recurring adjustments necessary for the fair presentation of the Company’s financial position as of June 30, 2021, and the Company’s consolidated results of operations, change of convertible and redeemable convertible preferred stock and stockholders’ deficit, and cash flows for the three and six months ended June 30, 2021 and 2020. The results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year ending December 31, 2021, or any other future interim or annual period.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, income tax uncertainties, stock-based compensation cost, fair value measurement of warrants, accretion of redeemable stocks, fair value and useful life of intangible assets, as well as in estimates used in applying the revenue recognition policy. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.

Due to the Coronavirus (“COVID-19”) pandemic, there has been uncertainty and disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require a material update to its estimates or judgments or an adjustment of the carrying value of its assets or liabilities as of June 30, 2021. While there was not a material impact to the Company’s condensed consolidated financial statements as of and for the three and six months ended June 30, 2021, these estimates may change, as new events occur and additional information is obtained, as well as other factors related to COVID-19 and its variants that could result in material impacts to the Company’s condensed consolidated financial statements in future reporting periods.

Restatement of previously consolidated financial statements

The Company has restated its previously issued consolidated financial statements as of the year ended December 31, 2020, to amend the underlying assumptions used in its common stock valuation work. See Note 20 to the consolidated financial statements included in the Company’s Prospectus for further information.

Concentration of Risks

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash and trade receivables.

The majority of the Company’s and its subsidiaries’ cash, and cash equivalents and restricted cash are invested with major banks in the United States, Israel, and the United Kingdom. Such investments in the United States may be in excess of insured limits and they are not insured in other jurisdictions. In general, these investments may be redeemed upon demand and therefore bear minimal risk.

The Company’s trade receivables are geographically dispersed and derived from sales to customers mainly in the United States, Europe, and Asia. Concentration of credit risk with respect to trade receivables is limited by credit limits, ongoing credit evaluation, and account monitoring procedures.

Major customer data as a percentage of total revenues:

The following table sets forth a customer that represented 10% or more of the Company’s total revenue in each of the periods set forth below:

	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
	(unaudited)
Customer A (M&T)		*	%		12.03	%		*	%		12.90	%
Customer B (EE&T)		*	%		*	%	$	10.01	%		*	%

*) Represents an amount that is lower than 10% of the Company’s total revenue.

Significant Accounting Policies and Estimates

There were no material changes to the significant accounting policies and estimates during the six months ended June 30, 2021.

Recently Adopted Accounting Pronouncements

As an “emerging growth company”, the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.

In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal use software. The new standard requires capitalized costs to be amortized on a straight-line basis generally over the term of the arrangement, and the financial statement presentation for these capitalized costs would be the same as that of the fees related to the hosting arrangements. The Company adopted this guidance prospectively on January 1, 2021, and the adoption did not have a material impact on its condensed consolidated financial statements.

Recently Issued Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, Leases, which would require lessees to put all leases on their balance sheets, whether operating or financing, while continuing to recognize the expenses on their income statements in a manner similar to current practice. The guidance states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term.

In June 2020, the FASB issued ASU No. 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities, which defers the effective date of ASU 2016-02 for non-public entities to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The guidance will be effective for the Company beginning January 1, 2022, and interim periods in fiscal years beginning January 1, 2023. The Company is currently evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. The guidance will be effective for the Company beginning January 1, 2023, and interim periods therein. Early adoption is permitted. The Company is currently evaluating the effect that ASU 2016-13 will have on its consolidated financial statements and related disclosures.

In January 2017, the FASB issued Accounting Standards Update No. 2017-04 (ASU 2017-04) "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." ASU 2017-04 eliminates step two of the goodwill impairment test and specifies that goodwill impairment should be measured by comparing the fair value of a reporting unit with its carrying amount. Additionally, the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets should be disclosed. ASU 2017-04 is effective for annual or interim goodwill impairment tests performed in fiscal years beginning after December 15, 2021; early adoption is permitted. The Company does not expect that ASU 2017-04 will have an impact on its consolidated financial statements and related disclosures.

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes by removing a variety of exceptions within the framework of ASC 740.

These exceptions include the exception to the incremental approach for intra-period tax allocation in the event of a loss from continuing operations and income or a gain from other items (such as other comprehensive income), and the exception to using general methodology for the interim period tax accounting for year-to-date losses that exceed anticipated losses.

The guidance will be effective for the Company beginning January 1, 2022, and interim periods in fiscal years beginning January 1, 2023. Early adoption is permitted. The Company is currently evaluating the effect that ASU 2019-12 will have on its consolidated financial statements and related disclosures.

REVENUES FROM CONTRACTS WITH CUSTOMERS

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

REVENUES FROM CONTRACTS WITH CUSTOMERS

NOTE 3:

REVENUES FROM CONTRACTS WITH CUSTOMERS

The following table presents disaggregated revenue by category:

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue
Three months ended June 30, 2021 (unaudited)

Subscription	$	27,197		89.9	%	$	9,270		81.6	%
Professional services		3,040		10.1	%		2,096		18.4	%

	$	30,237		100	%	$	11,366		100	%

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue
Three months ended June 30, 2020 (unaudited)

Subscription	$	17,751		94.5	%	$	7,218		72.4	%
Professional services		1,030		5.5	%		2,750		27.6	%

	$	18,781		100	%	$	9,968		100	%

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue

Six months ended June 30, 2021 (unaudited)

Subscription	$	51,167		88.9	%	$	17,641		81.1	%
Professional services		6,388		11.1	%		4,120		18.9	%

	$	57,555		100	%	$	21,761		100	%

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue

Six months ended June 30, 2020 (unaudited)

Subscription	$	33,523		95.3	%	$	14,650		75.2	%
Professional services		1,645		4.7	%		4,837		24.8	%

	$	35,168		100	%	$	19,487		100	%

The following table summarizes revenue by region based on the billing address of customers:

	Three months ended June 30, (unaudited)
	2021					2020
	Amount		Percentage of revenue			Amount		Percentage of revenue

United States (“US”)	$	24,728		59.4	%	$	16,602		57.8	%
Europe, the Middle East and Africa ("EMEA")		12,436		29.9	%		8,923		31.0	%
Other		4,439		10.7	%		3,224		11.2	%

	$	41,603		100	%	$	28,749		100	%

	Six months ended June 30, (unaudited)
	2021					2020
	Amount		Percentage of revenue			Amount		Percentage of revenue

US	$	47,026		59.3	%		30,914		56.6	%
EMEA		24,824		31.3	%		17,422		31.9	%
Other		7,466		9.4	%		6,319		11.5	%

	$	79,316		100	%		54,655		100	%

Remaining Performance Obligations:

The Company’s remaining performance obligations are comprised of product and services revenue not yet delivered. As of June 30, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was $156,323 which consists of both billed consideration in the amount of $60,822 and unbilled consideration in the amount of $95,501 that the Company expects to recognize as revenue but that was not yet recognized on the balance sheet. The Company expects to recognize 65% of its remaining performance obligations as revenue over the next 12 months and the remainder thereafter.

Costs to Obtain a Contract:

The following table represents a rollforward of costs to obtain a contract:

	Three Months ended June 30,						Six Months ended June 30,
	2021			2020			2021			2020
	(unaudited)

Beginning balance	$	20,177		$	9,011		$	17,683		$	9,015
Additions to deferred contract acquisition costs during the period		4,764			2,686			8,502			3,395
Amortization of deferred contract acquisition costs		(1,434	)		(759	)		(2,678	)		(1,472	)

Ending balance	$	23,507		$	10,938		$	23,507		$	10,938

Deferred contract acquisition costs, current	$	6,359		$	3,141		$	6,359		$	3,141
Deferred contract acquisition costs, noncurrent		17,148			7,797			17,148			7,797

Total deferred costs to obtain a contract	$	23,507		$	10,938		$	23,507		$	10,938

Costs to Fulfill a Contract:

The following table represents a rollforward of costs to fulfill a contract:

	Three Months ended June 30,						Six Months ended June 30,
	2021			2020			2021			2020
	(unaudited)

Beginning balance	$	4,169		$	3,861		$	4,041		$	3,993
Additions to deferred costs to fulfill a contract during the period		849			205			1,217			298
Amortization of deferred costs to fulfill a contract		(247	)		(227	)		(487	)		(452	)

Ending balance	$	4,771		$	3,839		$	4,771		$	3,839

Deferred fulfillment costs, current	$	1,190		$	903		$	1,190		$	903
Deferred fulfillment costs, noncurrent		3,581			2,936			3,581			2,936

Total deferred costs to fulfill a contract	$	4,771		$	3,839		$	4,771		$	3,839

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

FAIR VALUE MEASUREMENT

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

NOTE 4:

FAIR VALUE MEASUREMENT

FASB ASC No. 820, “Fair Value Measurements and Disclosures” defines fair value, establishes a framework for measuring fair value. Fair value is an exit price, representing the amount that would be received for selling an asset or paid for the transfer of a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value:

Level I -

Unadjusted quoted prices in active markets that are accessible on the measurement date for identical, unrestricted assets or liabilities;

Level II -

Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level III -

Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The table below sets forth the Company’s assets and liabilities measured at fair value by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	June 30, 2021
	Level 1		Level 2		Level 3		Total

Warrants to purchase preferred and common stock	$	-	$	-	$	53,855	$	53,855

	December 31, 2020 (As restated)
	Level 1		Level 2		Level 3		Total

Warrants to purchase preferred and common stock	$	-	$	-	$	56,780	$	56,780

The Company measures the warrants at fair value by applying the option-pricing model in each reporting period until they are exercised or expired, with changes in fair values being recognized in the Company's consolidated statement of operations as financial income or expenses.

In estimating the warrants' fair value, the Company used the following assumptions:

	June 30, 2021			December 31, 2020
	(unaudited)
Volatility		40.78	%		65.23	%
Risk-free interest rate		0.05	%		0.09	%
Dividend yield		-			-
Expected life (years)		0.164			0.405

Dividend yield - was based on the fact that the Company has not paid dividends to its stockholders in the past and does not expect to pay dividends to its stockholders in the foreseeable future.

Expected volatility - was calculated based on actual historical stock price movements of companies in the same industry over the term that is equivalent to the expected term of the option.

Risk-free interest - based on yield rate of non-index linked U.S. Federal Reserve treasury stock.

Expected term - the expected term was based on the expected maturity date of the warrants.

Fair value measurement using significant unobservable inputs (Level 3):

	June 30, 2021			December 31, 2020 (as restated)
	(unaudited)
Balance at January 1	$	56,780		$	17,111
Issuance of warrants		-			1,221
Reclassification of warrant to common stocks to equity		-			(3,057	)
Reclassification of warrant to common stocks to mezzanine equity		(1,149	)		-
Change in fair value of warrants		(1,776	)		41,505

Balance at the end of the period	$	53,855		$	56,780

Upon the closing of the Company’s IPO, after the balance sheet date, warrants to purchase preferred and common stock were converted into 7,067,699 shares of common stock. Prior the conversion, the Company estimated the fair value of the warrants. The valuation resulted in an expense of $16,822 (See Note 15 Subsequent Events for further information related to the IPO).

Goodwill and Intangible Assets Disclosure [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

GOODWILL AND INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2021

GOODWILL AND INTANGIBLE ASSETS, NET

NOTE 5:

GOODWILL AND INTANGIBLE ASSETS, NET

There was no goodwill activity during the six months ended June 30, 2021.

The carrying amounts and accumulated amortization expenses of the intangible assets, as of June 30, 2021, and December 31, 2020, were as follows:

	June 30, 2021					December 31, 2020
	Weighted average remaining useful life (in years)		Balance			Balance
	(unaudited)
Gross carrying amount:
Technology		3.25	$	4,700		$	4,700
Customer relationships		3.10		2,419			2,340
Tradename		1.92		980			980

				8,099			8,020
Accumulated amortization and impairments:
Technology				(3,108	)		(2,759	)
Customer relationships				(1,875	)		(1,706	)
Tradename				(769	)		(720	)

				(5,752	)		(5,185	)

Intangible assets, net			$	2,347		$	2,835

During the three months ended June 30, 2021, and 2020, and the six months ended June 30, 2021, and 2020 (unaudited), the Company recorded amortization expenses in the amount of $271, $256, $567 and $406, respectively, which were included in cost of revenues and sales and marketing expenses in the statements of operations.

As of June 30, 2021, the total expected future amortization related to intangible assets other than goodwill was as follows:


Remaining 2021	$	438
2022		666
2023		554
2024		478
2025		148
2026 and thereafter		63

	$	2,347

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 6:

COMMITMENTS AND CONTINGENCIES

Operating Lease Commitments:

The Company is engaged in operating lease arrangements for its worldwide offices. Future minimum annual payments under non-cancelable operating leases for the period remaining subsequent to June 30, 2021, are as follows:

Year ended December 31,	Rental of premises

Remaining 2021	$	1,016
2022		688

Total	$	1,704

Non-cancelable Purchase Obligations:

The Company has entered into various non-cancelable agreements with third-party providers for use of cloud hosting and other services, under which it committed to minimum and fixed purchases until the year ending December 31, 2024. The following table presents details of the aggregate future non-cancelable purchase commitments under such agreements as of June 30, 2021:

Year ended December 31,

Remaining 2021	$	3,085
2022		8,664
2023		7,851
2024		19,000

Total purchase commitment	$	38,600

In August 2021, after the balance sheet date, the Company entered into a commitment to purchase at least $40,000 of cloud hosting services over a period of five years commencing during the fourth quarter of 2021.

Capital Leases:

The following is a schedule by years of future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of June 30, 2021:

Year ended December 31,	Rental of premises

Remaining 2021	$	770
2022		141
Total minimum lease payments		911
Less: Amount representing interest		14

Present value of net minimum lease payments	$	897


	d.	Litigation:

The Company is occasionally a party to claims or litigation in the normal course of the business. The Company does not believe that it is a party to any pending legal proceeding that is likely to have a material adverse effect on its business, financial condition, or results of operations.

PROVISION FOR INCOME TAXES

6 Months Ended

Jun. 30, 2021

Income Taxes Paid, Net [Abstract]

PROVISION FOR INCOME TAXES

NOTE 7:

PROVISION FOR INCOME TAXES

The Company recognized an income tax expense of $1,446 and $554 for the three months ended June 30, 2021 and 2020, respectively, and $3,252 and $1,906 for the six months ended June 30, 2021 and 2020, respectively. The tax expense for these periods was primarily attributable to pre-tax foreign earnings. The Company’s effective tax rates of (114)% and (5)% for the three months ended June 30, 2021 and 2020, respectively, and of (22)% and (14)%, for the six months ended June 30, 2021 and 2020, respectively, differ from the U.S. statutory tax rate primarily due to U.S. losses for which there is no benefit and the tax rate differences between the United States and foreign countries.

The Company has a full valuation allowance on its deferred tax assets. As a result, consistent with the prior year, the Company does not record a tax benefit on its losses because it is more likely than not that the benefit will not be realized.

On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), as a response to the economic uncertainty resulting from the global COVID-19 pandemic. The CARES Act did not have a material impact on the Company’s condensed consolidated financial statements for the three months ended June 30, 2021 and 2020, and for the six months ended June 30, 2021 and 2020. The Company continues to monitor any effects that may result from the CARES Act.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Condensed Consolidated Balance Sheet Components [Abstract]

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

6 Months Ended

Jun. 30, 2021

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

NOTE 8:

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

Prepaid expenses and other current assets:

Prepaid expenses and other current assets consisted of the following:

	June 30, 2021		December 31, 2020
	(unaudited)

Prepaid expenses	$	3,849	$	2,086
Government institutions		299		335
Deposit		500		292
Other		66		56

	$	4,714	$	2,769

Property and Equipment, net:

Composition of property and equipment is as follows:

	June 30, 2021			December 31, 2020
	(unaudited)
Cost:

Computers and peripheral equipment	$	4,874		$	3,656
Office furniture and equipment		743			679
Leasehold improvements		516			516
Capital leases of computers and peripheral equipment		253			253
Internal use software		4,605			2,142

		10,991			7,246

Accumulated depreciation		(3,732	)		(3,099	)

Depreciated cost	$	7,259		$	4,147

Depreciation expenses for the three months ended June 30, 2021, and 2020, and for the six months ended June 30, 2021, and 2020, were $ 332, $ 835, $ 633 and $ 1,687 respectively.

Other assets, noncurrent:

Other assets, noncurrent consisted of the following:

	June 30, 2021		December 31, 2020
	(unaudited)

Restricted cash	$	407	$	644
Severance pay fund		1,749		1,673
Deferred offering costs		2,630		1,082
Other		163		165

	$	4,949	$	3,564

Accrued expenses and other current liabilities:

Accrued expenses and other current liabilities consisted of the following:

	June 30, 2021		December 31, 2020
	(unaudited)

Accrued expenses	$	6,081	$	4,687
Accrued taxes		7,390		4,984
Other		1,050		1,580

	$	14,521	$	11,251

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

NOTE 9:

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table sets forth the computation of the Company’s basic and diluted net loss per common stock:

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(unaudited)
Numerator:

Net loss	$	2,719	$	11,006	$	18,275	$	15,990
Preferred stock accretion		3,412		2,968		6,672		5,609

Total loss attributable to common stockholders, for basic net loss per share	$	6,131	$	13,974	$	24,947	$	21,599

Change in fair value of warrant liabilities		5,928		-		-		-

Total loss attributable to common stockholders, for diluted net loss per share	$	12,059	$	13,974	$	24,947	$	21,599

Denominator:

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic		25,768,411		25,174,126		25,538,010		24,575,196
Weighted average effect of warrants to purchase preferred and common stock		7,067,699		-		-		-
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted		32,836,110		25,174,126		25,538,010		24,575,196

Net loss per share:

Net loss per share attributable to common stockholders, basic	$	0.24	$	0.56	$	0.98	$	0.88
Net loss per share attributable to common stockholders, diluted	$	0.37	$	0.56	$	0.98	$	0.88

For the three and six months ended June 30, 2020, all outstanding options, warrants and preferred shares have been excluded from the calculation of the diluted net loss per share since their effect was anti-dilutive.

As of June 30, 2021, the securities that potentially could dilute basic income (loss) per share in the future were:

	As of June 30,
	2021

Convertible and redeemable convertible preferred stock		16,850,111
Warrants to purchase preferred and common stock		7,680,954
Outstanding stock options		31,488,683

Total		56,019,748

REPORTABLE SEGMENTS

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

REPORTABLE SEGMENTS

NOTE 10:

REPORTABLE SEGMENTS

Reportable segments:

ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company's chief operating decision maker (“CODM”) is its Chief Executive Officer. The Company’s CODM does not regularly review asset information by segments and, therefore, the Company does not report asset information by segment.

The Company organizes its operations in two segments: Enterprise, Education, and Technology (“EE&T”) and Media and Telecom (“M&T”). These segments share a common underlying platform consisting of the Company’s API-based architecture, as well as unified product development, operations, and administrative resources. EE&T includes revenues from all of the Company’s products, industry solutions for education customers, and Media Services (except for media and telecom customers), as well as associated professional services for those offerings. M&T represents revenues from the TV Solution and Media Services for media and telecom customers, as well as associated professional services for those offerings.

The measurement of the reportable operating segments is based on the same accounting principles applied in these financial statements, which includes certain corporate overhead allocations.

	Enterprise, Education and Technology		Media and Telecom		Total
Three months ended June 30, 2021 (unaudited)

Revenues	$	30,237	$	11,366	$	41,603

Gross income	$	21,151	$	4,830	$	25,981

Operating expenses						31,751
Financial expenses, net						(4,497	)
Provision for income taxes						1,446

Net loss					$	2,719

	Enterprise, Education and Technology		Media and Telecom		Total
Three months ended June 30, 2020 (unaudited)

Revenues	$	18,781	$	9,968	$	28,749

Gross income	$	13,976	$	3,985	$	17,961

Operating expenses						16,838
Financial expenses, net						11,575
Provision for income taxes						554

Net loss					$	11,006

	Enterprise, Education & Technology		Media and Telecom		Total

Six months ended June 30, 2021 (unaudited)

Revenues	$	57,555	$	21,761	$	79,316

Gross income	$	39,900	$	8,213	$	48,113

Operating expenses						62,483
Financial expenses, net						653
Provision for income taxes						3,252

Net loss					$	18,275

	Enterprise, Education and Technology		Media and Telecom		Total

Six months ended June 30, 2020 (unaudited)

Revenues	$	35,168	$	19,487	$	54,655

Gross income	$	26,180	$	7,271	$	33,451

Operating expenses						36,251
Financial expenses, net						11,284
Provision for income taxes						1,906

Net loss					$	15,990

Geographical information

See Note 3 for disaggregated revenue by customer segment and geographic region.

The following presents long-lived assets based on geographical areas:

	June 30,		December 31,
	2021		2020
	(unaudited)

US	$	5,402	$	2,850
EMEA		1,821		1,283
Other		36		14

	$	7,259	$	4,147

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT

LONG-TERM LOAN

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

LONG-TERM LOAN

NOTE 11: LONG-TERM LOAN

In January 2021, the Company refinanced all amounts outstanding under the existing loan agreements as of December 31, 2020, terminated all outstanding commitments, and entered into a new credit agreement (the “Credit Agreement”) with an existing lender, which provides for a new senior secured term loan facility in the aggregate principal amount of $40,000 (the “Term Loan Facility”) and a new senior secured revolving credit facility in the aggregate principal amount of $10,000 (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Credit Facilities”).

In June 2021, the Company entered into an amendment to the Credit Agreement (the “First Amendment”). Pursuant to the First Amendment, the Company borrowed an additional aggregate principal amount of $12,500.

Borrowings under the Credit Facilities are subject to interest, determined as follows: (a) Eurodollar loans accrue interest at a rate per annum equal to the Eurodollar rate plus a margin of 3.50% (the Eurodollar rate is calculated based on the applicable LIBOR for U.S. dollar deposits, subject to a 1.00% floor, divided by 1.00 minus the maximum effective reserve percentage for Eurocurrency funding), and (b) Alternate Base Rate (“ABR”) loans accrue interest at a rate per annum equal to the ABR plus a margin of 2.50% (ABR is equal to the highest of (i) the prime rate and (ii) the Federal Funds Effective Rate plus 0.50%, subject to a 2.00% floor).

The Term Loan Facility is payable in consecutive quarterly installments on the last day of each fiscal quarter in an amount equal to (i) $250 for installments payable on April 1, 2021, through December 31, 2021, (ii) $750 for installments payable on March 31, 2022 through December 31, 2022, and (iii) $1,500 for installments payable on and after March 31, 2023. The remaining unpaid balance on the Term Loan Facility is due and payable on January 14, 2024, together with accrued and unpaid interest on the principal amount to be paid to, but excluding, the payment date. Borrowings under the Revolving Credit Facility do not amortize and are due and payable on January 14, 2024. Amounts outstanding under the Credit Facilities may be voluntarily prepaid at any time and from time to time, in whole or in part, without premium or penalty.

As of June 30, 2021, the total future principal payments related to Credit Facilities are as follows:


Remaining 2021	$	500
2022		3,000
2023		6,000
2024		52,500
	$	62,000

CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

NOTE 12: CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT

Composition of Preferred stock capital of $ 0.0001 par value each as of June 30, 2021, and December 31, 2020:

	June 30, 2021
	Authorized		Issued and outstanding		Aggregate liquidation preference
	Number of shares

Series A Preferred stock		1,043,778		1,043,778	$	1,921
Series B Preferred stock		3,240,085		3,240,085		12,631
Series C Preferred stock		3,434,556		3,430,152		18,214
Series D Preferred stock		2,870,544		2,814,258		17,287
Series D-1 Preferred stock		714,286		714,286		4,354
Series E Preferred stock		4,042,693		3,940,885		40,000
Series F Preferred stock		1,666,667		1,666,667		99,715

Convertible and redeemable convertible Preferred stock		17,012,609		16,850,111	$	194,122

	December 31, 2020
	Authorized		Issued and outstanding		Aggregate liquidation preference
	Number of shares

Series A Preferred stock		1,043,778		1,043,778	$	1,921
Series B Preferred stock		3,240,085		3,240,085		12,631
Series C Preferred stock		3,434,556		3,403,141		18,110
Series D Preferred stock		2,870,544		2,814,258		17,287
Series D-1 Preferred stock		714,286		714,286		4,354
Series E Preferred stock		4,042,693		3,940,885		40,000
Series F Preferred stock		1,666,667		1,666,667		93,043

Convertible and redeemable convertible Preferred stock		17,012,609		16,823,100	$	187,346

On February 3, 2021, SVB Financial Group (“SVB”) converted a Warrant to Purchase Stock issued on February 3, 2011 (the “Series C Warrant”) into shares of the Company’s Series C Convertible Preferred Stock pursuant to the cashless conversion mechanism described in the Series C Warrant. The conversion was exercised for all 31,414 shares covered by the Series C Warrant and resulted in the net issuance of 27,011 shares of the Company’s Series C Convertible Preferred Stock. Pursuant to the terms of the Series C Warrant, the number of net shares issued was determined by dividing (a) the aggregate fair market value of the shares otherwise issuable upon exercise of the Series C Warrant minus the aggregate exercise price of such shares by (b) the fair market value of one share of the Company’s Series C Convertible Preferred Stock.

Upon the closing of the Company’s IPO, after the balance sheet date, all outstanding shares of its convertible and redeemable convertible preferred stock automatically converted into 76,262,947 shares of common Stock (see Note 15 Subsequent Events for further information related to the IPO).

Receivables on Account of Stock:

In May 2015, the Company entered into loan agreements with certain of its executive employees for the purpose of exercising vested options to purchase the Company’s common stock (the “Employee Loan Agreements”). In February 2021, the Employee Loan Agreements were amended such that the loans would be automatically forgiven and deemed to have been repaid in full immediately prior to the public filing by the Company of a registration statement under the Securities Act of 1933, as amended. In March 2021, the loans were fully forgiven. Following the forgiveness of the loans, the Company recorded an expense for the six months ended June 30, 2021, in the amount of $1,724 included in other operating expenses in the consolidated statement of operations. The amount includes the tax gross-up expense that will be paid by the Company following the loan forgiveness.

Stock option plans:

Under the Company's 2007 U.S. and Israeli Stock Option Plans ("the 2007 Plans"), options may be granted to officers, directors, employees, advisors and consultants of the Company or its subsidiaries. In 2017, the Company adopted a new equity incentive plan, the "2017 Equity Incentive Plan" (the "2017 Plan" and together with the 2007 Plans, the "Plans"), and extended the term of the 2007 Israeli Stock Option Plan and the term of the options already granted thereunder for an additional ten-year period. In 2017, the Company adopted a new equity incentive plan, the "2017 Equity Incentive Plan" (the "2017 Plan" and together with the 2007 Plans, the "Plans"), and extended the term of the 2007 Israeli Stock Option Plan and the term of the options already granted thereunder for an additional ten-year period.

Pursuant to the Plans, the Company reserved 45,482,679 shares of common stock for issuance. Following the adoption of a new option policy, the Company has reserved an additional 18,106,866 shares of common stock. As of June 30, 2021 and December 31, 2020, an aggregate of 190,989 and 24,610 shares of common stock of the Company were still available for future grants under the 2017 Plan. Each option granted under the Plans is exercisable until the earlier of ten years (or 20 years if granted under the 2007 Israeli Stock Option Plan) from the date of the grant of the option. The options vest primarily over a four-year period. Any options that are forfeited or not exercised before expiration become available for future grants.

Effective upon the effectiveness of the registration statement for the IPO, the Company adopted the 2021 Incentive Award Plan (the “2021 Plan”), pursuant to which it may grant cash and equity incentive awards to officers, directors, employees, advisors, and consultants of the Company. The Company has reserved 8,500,000 shares of common stock for issuance under the 2021 Plan.

A summary of the Company’s stock option activity with respect to options granted under the Plans is as follows:

	Number of Options			Weighted Average exercise price		Weighted remaining contractual term (years)		Aggregate Intrinsic Value (as restated)

Outstanding as of December 31, 2020		31,981,404		$	3.86		7.72	$	22,134

Granted		-			-
Exercised		(326,340	)		0.87				12,354
Forfeited		(166,381	)		3.62

Outstanding as of June 30, 2021 (unaudited)		31,488,683		$	3.89		7.28	$	27,625

Exercisable options as of June 30, 2021 (unaudited)		16,038,448		$	1.19		5.39	$	18,790

The share-based compensation expense by line item in the accompanying consolidated statement of operations is summarized as follows:

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(unaudited)

Cost of revenues	$	185	$	94	$	466	$	146
Research and development		791		284		1,724		425
Sales and marketing		464		364		1,204		446
General and administrative		2,773		392		5,779		779

Total expenses	$	4,213	$	1,134	$	9,173	$	1,796

Stock Split:

In March 2021, the Company’s board of directors and the stockholders of the Company approved a four and a half (4.5)-for-one forward stock split of the Company’s common stock, which became effective on March 19, 2021. The par value of each class of capital stock was not adjusted as a result of this forward stock split. All common stock, convertible and redeemable convertible preferred stock, stock options, warrants, and per share information presented within these consolidated financial statements have been adjusted to reflect this forward stock split on a retroactive basis for all periods presented.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Selected Statement Of Operations Data [Abstract]

SELECTED STATEMENT OF OPERATIONS DATA

6 Months Ended

Jun. 30, 2021

SELECTED STATEMENT OF OPERATIONS DATA

NOTE 13:

SELECTED STATEMENT OF OPERATIONS DATA

	Three months ended June 30,					Six months ended June 30,
	2021			2020		2021		2020
	(unaudited)

Financial income:

Interest income	$	-		$	-	$	-	$	17
Remeasurement of warrants to fair value		5,928			-		1,776
Foreign currency translation adjustment, net		-			191		-		977

		5,928			191		1,776		994
Financial expenses:

Bank fees		172			19		481		34
Remeasurement of warrants to fair value		-			10,625		-		10,034
Interest expense		611			1,019		1,462		2,027
Foreign currency translation adjustments, net		499			-		274		-
Other		149			103		212		183

		1,431			11,766		2,429		12,278

Financial expenses (income), net	$	(4,497	)	$	11,575	$	653	$	11,284

RELATED PARTIES

6 Months Ended

Jun. 30, 2021

RELATED PARTIES

NOTE 14: RELATED PARTY TRANSACTIONS

In June 2019, the Company entered into an agreement with a certain shareholder under which the shareholder received a one-year subscription to use the Company's software. Under the agreement, the shareholder has made minimum, non-cancellable, revenue commitments in the amount of $548. During 2021 and 2020, the Company and the shareholder renewed the agreement. During the three months ended June 30, 2021, and 2020, and the six months ended June 30, 2021, and 2020, the Company recognized total revenue of $125, $129, $250 and $274, respectively, related to this agreement. As of June 30, 2021, and December 31, 2020, there was no trade receivables balance outstanding associated with this shareholder, and deferred revenue, current included $418 and $161, respectively.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 15: SUBSEQUENT EVENTS

Initial Public Offering

On July 23, 2021, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 15,000,000 shares of its common stock at an offering price of $10.00 per share. On August 6, 2021, the underwriters exercised in full their option to purchase an additional 2,250,000 shares of the Company’s common stock. The Company received net proceeds of $155.4 million after deducting underwriting discounts and commissions of $10.5 million and other issuance costs of $5.0 million.

Immediately prior to the closing of the IPO, the Company recognized the following transactions related to the convertible and redeemable convertible preferred stock and to the warrants to purchase preferred and common stock:

•

The automatic conversion of the convertible and redeemable convertible preferred stock into an aggregate amount of 76,262,947 shares of common stock.

•

The issuance of 7,067,699 shares of common stock pursuant to the automatic cashless exercise of warrants to purchase preferred and common stock. Prior to the conversion, the Company estimated the fair value of the warrants. As a result of the valuation, the Company recorded an expense of $16,822 which will be reflected in its consolidated statements of operations for the three and nine months ended September 30, 2021, under financial expenses (income), net.

In connection with the IPO, the Company amended and restated its Certificate of Incorporation to change the authorized common stock to 1,000,000,000 shares of common stock and 20,000,000 shares of preferred stock, all with a par value of $0.0001 per share. The condensed consolidated financial statements as of June 30, 2021, including share and per share amounts, do not give effect to the IPO and related conversion of the convertible and redeemable convertible preferred stock because the IPO and such conversion were completed subsequent to June 30, 2021.

Pursuant to the terms of a certain warrant to purchase common stock (the “Series F Warrant”), and in the case of the Series F redeemable convertible preferred stock, of the Certificate of Incorporation (as in effect immediately prior to the IPO), the Company was required to make certain cash payments to SSIG (Special Situations Investing Group II, LLC, an affiliate of Goldman Sachs & Co. LLC) if the initial public offering price per share at which shares of common stock were sold (the “Actual IPO Price”) was less than the price per share used to calculate the number of shares issuable upon the automatic cashless exercise of the Series F Warrant or the conversion of the Series F convertible and redeemable preferred stock, as the case may be (the “Estimated Price”). Accordingly, because the Actual IPO Price was less than the Estimated Price, the Company was required to make a cash payment to SSIG in the amount of $1.6 million in connection with the closing of the IPO, and it made such payment in July 2021.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Basis of presentation and consolidation

Basis of Presentation and Consolidation

Use of estimates

Use of Estimates

Restatement of previously consolidated financial statements

Concentration of Risks

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash and trade receivables.

Major customer data as a percentage of total revenues:

The following table sets forth a customer that represented 10% or more of the Company’s total revenue in each of the periods set forth below:

	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
	(unaudited)
Customer A (M&T)		*	%		12.03	%		*	%		12.90	%
Customer B (EE&T)		*	%		*	%	$	10.01	%		*	%

*) Represents an amount that is lower than 10% of the Company’s total revenue.

Significant Accounting Policies and Estimates

There were no material changes to the significant accounting policies and estimates during the six months ended June 30, 2021.

Recently Adopted Accounting Pronouncements

Recently Issued Accounting Pronouncements

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Schedule of revenue by major customers by reporting segments

	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
	(unaudited)
Customer A (M&T)		*	%		12.03	%		*	%		12.90	%
Customer B (EE&T)		*	%		*	%	$	10.01	%		*	%

REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of disaggregated revenue by category

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue
Three months ended June 30, 2021 (unaudited)

Subscription	$	27,197		89.9	%	$	9,270		81.6	%
Professional services		3,040		10.1	%		2,096		18.4	%

	$	30,237		100	%	$	11,366		100	%

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue
Three months ended June 30, 2020 (unaudited)

Subscription	$	17,751		94.5	%	$	7,218		72.4	%
Professional services		1,030		5.5	%		2,750		27.6	%

	$	18,781		100	%	$	9,968		100	%

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue

Six months ended June 30, 2021 (unaudited)

Subscription	$	51,167		88.9	%	$	17,641		81.1	%
Professional services		6,388		11.1	%		4,120		18.9	%

	$	57,555		100	%	$	21,761		100	%

	Enterprise, Education and Technology					Media and Telecom
	Amount		Percentage of revenue			Amount		Percentage of revenue

Six months ended June 30, 2020 (unaudited)

Subscription	$	33,523		95.3	%	$	14,650		75.2	%
Professional services		1,645		4.7	%		4,837		24.8	%

	$	35,168		100	%	$	19,487		100	%

Schedule of revenue by region based on the billing address of customers

	Three months ended June 30, (unaudited)
	2021					2020
	Amount		Percentage of revenue			Amount		Percentage of revenue

United States (“US”)	$	24,728		59.4	%	$	16,602		57.8	%
Europe, the Middle East and Africa ("EMEA")		12,436		29.9	%		8,923		31.0	%
Other		4,439		10.7	%		3,224		11.2	%

	$	41,603		100	%	$	28,749		100	%

	Six months ended June 30, (unaudited)
	2021					2020
	Amount		Percentage of revenue			Amount		Percentage of revenue

US	$	47,026		59.3	%		30,914		56.6	%
EMEA		24,824		31.3	%		17,422		31.9	%
Other		7,466		9.4	%		6,319		11.5	%

	$	79,316		100	%		54,655		100	%

Schedule of costs to obtain and fulfill a contract

	Three Months ended June 30,						Six Months ended June 30,
	2021			2020			2021			2020
	(unaudited)

Beginning balance	$	20,177		$	9,011		$	17,683		$	9,015
Additions to deferred contract acquisition costs during the period		4,764			2,686			8,502			3,395
Amortization of deferred contract acquisition costs		(1,434	)		(759	)		(2,678	)		(1,472	)

Ending balance	$	23,507		$	10,938		$	23,507		$	10,938

Deferred contract acquisition costs, current	$	6,359		$	3,141		$	6,359		$	3,141
Deferred contract acquisition costs, noncurrent		17,148			7,797			17,148			7,797

Total deferred costs to obtain a contract	$	23,507		$	10,938		$	23,507		$	10,938

	Three Months ended June 30,						Six Months ended June 30,
	2021			2020			2021			2020
	(unaudited)

Beginning balance	$	4,169		$	3,861		$	4,041		$	3,993
Additions to deferred costs to fulfill a contract during the period		849			205			1,217			298
Amortization of deferred costs to fulfill a contract		(247	)		(227	)		(487	)		(452	)

Ending balance	$	4,771		$	3,839		$	4,771		$	3,839

Deferred fulfillment costs, current	$	1,190		$	903		$	1,190		$	903
Deferred fulfillment costs, noncurrent		3,581			2,936			3,581			2,936

Total deferred costs to fulfill a contract	$	4,771		$	3,839		$	4,771		$	3,839

FAIR VALUE MEASUREMENT (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value

	June 30, 2021
	Level 1		Level 2		Level 3		Total

Warrants to purchase preferred and common stock	$	-	$	-	$	53,855	$	53,855

	December 31, 2020 (As restated)
	Level 1		Level 2		Level 3		Total

Warrants to purchase preferred and common stock	$	-	$	-	$	56,780	$	56,780

Schedule of assumptions used in warrants' fair value

	June 30, 2021			December 31, 2020
	(unaudited)
Volatility		40.78	%		65.23	%
Risk-free interest rate		0.05	%		0.09	%
Dividend yield		-			-
Expected life (years)		0.164			0.405

Schedule of fair value measurement using significant unobservable inputs

	June 30, 2021			December 31, 2020 (as restated)
	(unaudited)
Balance at January 1	$	56,780		$	17,111
Issuance of warrants		-			1,221
Reclassification of warrant to common stocks to equity		-			(3,057	)
Reclassification of warrant to common stocks to mezzanine equity		(1,149	)		-
Change in fair value of warrants		(1,776	)		41,505

Balance at the end of the period	$	53,855		$	56,780

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of carrying amounts and accumulated amortization expenses of intangible assets

	June 30, 2021					December 31, 2020
	Weighted average remaining useful life (in years)		Balance			Balance
	(unaudited)
Gross carrying amount:
Technology		3.25	$	4,700		$	4,700
Customer relationships		3.10		2,419			2,340
Tradename		1.92		980			980

				8,099			8,020
Accumulated amortization and impairments:
Technology				(3,108	)		(2,759	)
Customer relationships				(1,875	)		(1,706	)
Tradename				(769	)		(720	)

				(5,752	)		(5,185	)

Intangible assets, net			$	2,347		$	2,835

Schedule of future amortization related to intangible assets other than goodwill


Remaining 2021	$	438
2022		666
2023		554
2024		478
2025		148
2026 and thereafter		63

	$	2,347

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future minimum annual payments under non-cancelable operating leases

Year ended December 31,	Rental of premises

Remaining 2021	$	1,016
2022		688

Total	$	1,704

Schedule of non-cancelable purchase commitments

Year ended December 31,

Remaining 2021	$	3,085
2022		8,664
2023		7,851
2024		19,000

Total purchase commitment	$	38,600

Schedule of future minimum lease payments under capital leases

Year ended December 31,	Rental of premises

Remaining 2021	$	770
2022		141
Total minimum lease payments		911
Less: Amount representing interest		14

Present value of net minimum lease payments	$	897

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Tables)

6 Months Ended

Jun. 30, 2021

Condensed Consolidated Balance Sheet Components [Abstract]

Schedule of prepaid expenses and other current assets

	June 30, 2021		December 31, 2020
	(unaudited)

Prepaid expenses	$	3,849	$	2,086
Government institutions		299		335
Deposit		500		292
Other		66		56

	$	4,714	$	2,769

Schedule of property and equipment

	June 30, 2021			December 31, 2020
	(unaudited)
Cost:

Computers and peripheral equipment	$	4,874		$	3,656
Office furniture and equipment		743			679
Leasehold improvements		516			516
Capital leases of computers and peripheral equipment		253			253
Internal use software		4,605			2,142

		10,991			7,246

Accumulated depreciation		(3,732	)		(3,099	)

Depreciated cost	$	7,259		$	4,147

Schedule of other assets, noncurrent

	June 30, 2021		December 31, 2020
	(unaudited)

Restricted cash	$	407	$	644
Severance pay fund		1,749		1,673
Deferred offering costs		2,630		1,082
Other		163		165

	$	4,949	$	3,564

Schedule of accrued expenses and other current liabilities

	June 30, 2021		December 31, 2020
	(unaudited)

Accrued expenses	$	6,081	$	4,687
Accrued taxes		7,390		4,984
Other		1,050		1,580

	$	14,521	$	11,251

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of the computation of basic and diluted net earnings (loss) per share

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(unaudited)
Numerator:

Net loss	$	2,719	$	11,006	$	18,275	$	15,990
Preferred stock accretion		3,412		2,968		6,672		5,609

Total loss attributable to common stockholders, for basic net loss per share	$	6,131	$	13,974	$	24,947	$	21,599

Change in fair value of warrant liabilities		5,928		-		-		-

Total loss attributable to common stockholders, for diluted net loss per share	$	12,059	$	13,974	$	24,947	$	21,599

Denominator:

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic		25,768,411		25,174,126		25,538,010		24,575,196
Weighted average effect of warrants to purchase preferred and common stock		7,067,699		-		-		-
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted		32,836,110		25,174,126		25,538,010		24,575,196

Net loss per share:

Net loss per share attributable to common stockholders, basic	$	0.24	$	0.56	$	0.98	$	0.88
Net loss per share attributable to common stockholders, diluted	$	0.37	$	0.56	$	0.98	$	0.88

Schedule of antidilutive securities excluded from computation of earnings per share

	As of June 30,
	2021

Convertible and redeemable convertible preferred stock		16,850,111
Warrants to purchase preferred and common stock		7,680,954
Outstanding stock options		31,488,683

Total		56,019,748

REPORTABLE SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of reportable operating segments

	Enterprise, Education and Technology		Media and Telecom		Total
Three months ended June 30, 2021 (unaudited)

Revenues	$	30,237	$	11,366	$	41,603

Gross income	$	21,151	$	4,830	$	25,981

Operating expenses						31,751
Financial expenses, net						(4,497	)
Provision for income taxes						1,446

Net loss					$	2,719

	Enterprise, Education and Technology		Media and Telecom		Total
Three months ended June 30, 2020 (unaudited)

Revenues	$	18,781	$	9,968	$	28,749

Gross income	$	13,976	$	3,985	$	17,961

Operating expenses						16,838
Financial expenses, net						11,575
Provision for income taxes						554

Net loss					$	11,006

	Enterprise, Education & Technology		Media and Telecom		Total

Six months ended June 30, 2021 (unaudited)

Revenues	$	57,555	$	21,761	$	79,316

Gross income	$	39,900	$	8,213	$	48,113

Operating expenses						62,483
Financial expenses, net						653
Provision for income taxes						3,252

Net loss					$	18,275

	Enterprise, Education and Technology		Media and Telecom		Total

Six months ended June 30, 2020 (unaudited)

Revenues	$	35,168	$	19,487	$	54,655

Gross income	$	26,180	$	7,271	$	33,451

Operating expenses						36,251
Financial expenses, net						11,284
Provision for income taxes						1,906

Net loss					$	15,990

Schedule of long lived assets based on geographical areas

	June 30,		December 31,
	2021		2020
	(unaudited)

US	$	5,402	$	2,850
EMEA		1,821		1,283
Other		36		14

	$	7,259	$	4,147

LONG-TERM LOAN (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of aggregate principal annual maturities of long-term loans


Remaining 2021	$	500
2022		3,000
2023		6,000
2024		52,500
	$	62,000

CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Schedule of composition of preferred stock capital

	June 30, 2021
	Authorized		Issued and outstanding		Aggregate liquidation preference
	Number of shares

Series A Preferred stock		1,043,778		1,043,778	$	1,921
Series B Preferred stock		3,240,085		3,240,085		12,631
Series C Preferred stock		3,434,556		3,430,152		18,214
Series D Preferred stock		2,870,544		2,814,258		17,287
Series D-1 Preferred stock		714,286		714,286		4,354
Series E Preferred stock		4,042,693		3,940,885		40,000
Series F Preferred stock		1,666,667		1,666,667		99,715

Convertible and redeemable convertible Preferred stock		17,012,609		16,850,111	$	194,122

	December 31, 2020
	Authorized		Issued and outstanding		Aggregate liquidation preference
	Number of shares

Series A Preferred stock		1,043,778		1,043,778	$	1,921
Series B Preferred stock		3,240,085		3,240,085		12,631
Series C Preferred stock		3,434,556		3,403,141		18,110
Series D Preferred stock		2,870,544		2,814,258		17,287
Series D-1 Preferred stock		714,286		714,286		4,354
Series E Preferred stock		4,042,693		3,940,885		40,000
Series F Preferred stock		1,666,667		1,666,667		93,043

Convertible and redeemable convertible Preferred stock		17,012,609		16,823,100	$	187,346

Schedule of stock option activity

	Number of Options			Weighted Average exercise price		Weighted remaining contractual term (years)		Aggregate Intrinsic Value (as restated)

Outstanding as of December 31, 2020		31,981,404		$	3.86		7.72	$	22,134

Granted		-			-
Exercised		(326,340	)		0.87				12,354
Forfeited		(166,381	)		3.62

Outstanding as of June 30, 2021 (unaudited)		31,488,683		$	3.89		7.28	$	27,625

Exercisable options as of June 30, 2021 (unaudited)		16,038,448		$	1.19		5.39	$	18,790

Schedule of share-based compensation expense by line item

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(unaudited)

Cost of revenues	$	185	$	94	$	466	$	146
Research and development		791		284		1,724		425
Sales and marketing		464		364		1,204		446
General and administrative		2,773		392		5,779		779

Total expenses	$	4,213	$	1,134	$	9,173	$	1,796

SELECTED STATEMENT OF OPERATIONS DATA (Tables)

6 Months Ended

Jun. 30, 2021

Selected Statement Of Operations Data [Abstract]

Schedule of financial income expenses

	Three months ended June 30,					Six months ended June 30,
	2021			2020		2021		2020
	(unaudited)

Financial income:

Interest income	$	-		$	-	$	-	$	17
Remeasurement of warrants to fair value		5,928			-		1,776
Foreign currency translation adjustment, net		-			191		-		977

		5,928			191		1,776		994
Financial expenses:

Bank fees		172			19		481		34
Remeasurement of warrants to fair value		-			10,625		-		10,034
Interest expense		611			1,019		1,462		2,027
Foreign currency translation adjustments, net		499			-		274		-
Other		149			103		212		183

		1,431			11,766		2,429		12,278

Financial expenses (income), net	$	(4,497	)	$	11,575	$	653	$	11,284

BUSINESS (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended
	Aug. 06, 2021	Jul. 23, 2021	Jun. 30, 2021	Jun. 30, 2020
Subsequent Event [Line Items]
Othe issuance costs			$ 2,594	$ 0
Subsequent Event \| Initial public offering (“IPO”)
Subsequent Event [Line Items]
Number of ordinary shares issued and sold		15,000,000
Number of ordinary shares pursuant to the exercise in full of the underwriters’ option to purchase additional shares	2,250,000
Offering price per share	$ 10.00	$ 10.00
Net proceeds after deducting underwriting discounts	$ 155,400
Underwriting discounts and commissions	10,500
Othe issuance costs	$ 5,000

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)

3 Months Ended

6 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Revenue, Major Customer [Line Items]

Concentration risk, percentage

100.00%

Customer A (M&T)

Revenue, Major Customer [Line Items]

Concentration risk, percentage

^[1]

12.03%

^[1]

12.90%

Customer B (EE&T)

Revenue, Major Customer [Line Items]

Concentration risk, percentage

^[1]

10.01%

^[1]

[1]	Represents an amount that is lower than 10% of the Company’s total revenue.

REVENUES FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Amount	$ 41,603	$ 28,749	$ 79,316	$ 54,655
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Enterprise, Education & Technology
Disaggregation of Revenue [Line Items]
Amount	$ 30,237	$ 18,781	$ 57,555	$ 35,168
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Media and Telecom
Disaggregation of Revenue [Line Items]
Amount	$ 11,366	$ 9,968	$ 21,761	$ 19,487
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Subscription
Disaggregation of Revenue [Line Items]
Amount	$ 36,467	$ 24,969	$ 68,808	$ 48,173
Subscription \| Enterprise, Education & Technology
Disaggregation of Revenue [Line Items]
Amount	$ 27,197	$ 17,751	$ 51,167	$ 33,523
Concentration risk, percentage	89.90%	94.50%	88.90%	95.30%
Subscription \| Media and Telecom
Disaggregation of Revenue [Line Items]
Amount	$ 9,270	$ 7,218	$ 17,641	$ 14,650
Concentration risk, percentage	81.60%	72.40%	81.10%	75.20%
Professional Services
Disaggregation of Revenue [Line Items]
Amount	$ 5,136	$ 3,780	$ 10,508	$ 6,482
Professional Services \| Enterprise, Education & Technology
Disaggregation of Revenue [Line Items]
Amount	$ 3,040	$ 1,030	$ 6,388	$ 1,645
Concentration risk, percentage	10.10%	5.50%	11.10%	4.70%
Professional Services \| Media and Telecom
Disaggregation of Revenue [Line Items]
Amount	$ 2,096	$ 2,750	$ 4,120	$ 4,837
Concentration risk, percentage	18.40%	27.60%	18.90%	24.80%

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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REVENUES FROM CONTRACTS WITH CUSTOMERS (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Amount	$ 41,603	$ 28,749	$ 79,316	$ 54,655
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
United States ("US")
Revenues from External Customers and Long-Lived Assets [Line Items]
Amount	$ 24,728	$ 16,602	$ 47,026	$ 30,914
Concentration risk, percentage	59.40%	57.80%	59.30%	56.60%
Europe, the Middle East and Africa ("EMEA")
Revenues from External Customers and Long-Lived Assets [Line Items]
Amount	$ 12,436	$ 8,923	$ 24,824	$ 17,422
Concentration risk, percentage	29.90%	31.00%	31.30%	31.90%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Amount	$ 4,439	$ 3,224	$ 7,466	$ 6,319
Concentration risk, percentage	10.70%	11.20%	9.40%	11.50%

REVENUES FROM CONTRACTS WITH CUSTOMERS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Capitalized Contract Cost [Line Items]
Deferred contract acquisition and fulfillment costs, current	$ 7,549		$ 7,549		$ 5,848
Deferred contract acquisition and fulfillment costs, noncurrent	20,729		20,729		15,876
Costs to Obtain a Contract
Capitalized Contract Cost [Line Items]
Deferred costs to fulfill contract, beginning balance	20,177	$ 9,011	17,683	$ 9,015
Additions to deferred contract acquisition costs during the period	4,764	2,686	8,502	3,395
Amortization of deferred contract acquisition costs	(1,434)	(759)	(2,678)	(1,472)
Deferred costs to fulfill contract, ending balance	23,507	10,938	23,507	10,938
Deferred contract acquisition and fulfillment costs, current	6,359	3,141	6,359	3,141
Deferred contract acquisition and fulfillment costs, noncurrent	17,148	7,797	17,148	7,797
Total deferred costs	$ 23,507	$ 10,938	$ 23,507	$ 10,938	$ 17,683

REVENUES FROM CONTRACTS WITH CUSTOMERS (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Capitalized Contract Cost [Line Items]
Deferred contract acquisition and fulfillment costs, current	$ 7,549		$ 7,549		$ 5,848
Deferred contract acquisition and fulfillment costs, noncurrent	20,729		20,729		15,876
Costs to Fulfill a Contract
Capitalized Contract Cost [Line Items]
Deferred costs to fulfill contract, beginning balance	4,169	$ 3,861	4,041	$ 3,993
Additions to deferred costs to fulfill a contract during the period	849	205	1,217	298
Amortization of deferred contract acquisition costs	(247)	(227)	(487)	(452)
Deferred costs to fulfill contract, ending balance	4,771	3,839	4,771	3,839
Deferred contract acquisition and fulfillment costs, current	1,190	903	1,190	903
Deferred contract acquisition and fulfillment costs, noncurrent	3,581	2,936	3,581	2,936
Total deferred costs	$ 4,771	$ 3,839	$ 4,771	$ 3,839	$ 4,041

REVENUES FROM CONTRACTS WITH CUSTOMERS (Detail Textuals) $ in Thousands	Jun. 30, 2021 USD ($)
Revenue from Contract with Customer [Abstract]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 156,323
Billed consideration	60,822
Unbilled consideration	$ 95,501
Percentage of remaining performance obligations	65.00%

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants to purchase preferred and common stock	$ 53,855	$ 56,780	$ 17,111
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants to purchase preferred and common stock	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants to purchase preferred and common stock	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants to purchase preferred and common stock	$ 53,855	$ 56,780

FAIR VALUE MEASUREMENT (Details 1) - Percent	Jun. 30, 2021	Dec. 31, 2020
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimating the warrants' fair value using assumptions	40.78	65.23
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimating the warrants' fair value using assumptions	0.05	0.09
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimating the warrants' fair value using assumptions	0	0
Expected life (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimating the warrants' fair value using assumptions	0.164	0.405

FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Balance at January 1			$ 56,780	$ 17,111	$ 17,111
Issuance of warrants			0		1,221
Reclassification of warrant to common stocks to equity			0		(3,057)
Reclassification of warrant to common stocks to mezzanine equity			(1,149)		0
Change in fair value of warrants	$ (5,928)	$ 10,625	(1,776)	$ 10,034	41,505
Balance at the end of the period	$ 53,855		$ 53,855		$ 56,780

FAIR VALUE MEASUREMENT (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 23, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loss on fair value of warrants		$ (5,928)	$ 10,625	$ (1,776)	$ 10,034	$ 41,505
Subsequent Event [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stock issued for cashless exercise of warrants to purchase preferred and common stock	76,262,947
Subsequent Event [Member] \| Initial public offering (“IPO”)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stock issued for cashless exercise of warrants to purchase preferred and common stock	7,067,699
Loss on fair value of warrants	$ 16,822

GOODWILL AND INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 8,099	$ 8,020
Accumulated amortization and impairments	(5,752)	(5,185)
Intangible assets, net	$ 2,347	2,835
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining usefullife (in years)	3 years 3 months
Gross carrying amount	$ 4,700	4,700
Accumulated amortization and impairments	$ (3,108)	(2,759)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining usefullife (in years)	3 years 1 month 6 days
Gross carrying amount	$ 2,419	2,340
Accumulated amortization and impairments	$ (1,875)	(1,706)
Tradename
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining usefullife (in years)	1 year 11 months 1 day
Gross carrying amount	$ 980	980
Accumulated amortization and impairments	$ (769)	$ (720)

GOODWILL AND INTANGIBLE ASSETS, NET (Details 1) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2021	$ 438
2022	666
2023	554
2024	478
2025	148
2026 and thereafter	63
Total	$ 2,347	$ 2,835

GOODWILL AND INTANGIBLE ASSETS, NET (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expenses	$ 271	$ 256	$ 567	$ 406

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Jun. 30, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining 2021	$ 1,016
2022	688
Total	$ 1,704

COMMITMENTS AND CONTINGENCIES (Details 1) $ in Thousands	Jun. 30, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining 2021	$ 3,085
2022	8,664
2023	7,851
2024	19,000
Total purchase commitment	$ 38,600

COMMITMENTS AND CONTINGENCIES (Details 2) $ in Thousands	Jun. 30, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining 2021	$ 770
2022	141
Capital Leases, Future Minimum Payments Receivable, Total	911
Less: Amount representing interest	14
Present value of net minimum lease payments	$ 897

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	Aug. 06, 2021
Subsequent Event
Commitments And Contingencies [Line Items]
Commitment to purchase cloud hosting services	commitment to purchase at least $40,000 of cloud hosting services over a period of five years

PROVISION FOR INCOME TAXES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Taxes Paid, Net [Abstract]
Recognized income tax expense	$ 1,446	$ 554	$ 3,252	$ 1,906
U.S. statutory effective tax rates	114.00%	5.00%	22.00%	14.00%

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 3,849	$ 2,086
Government institutions	299	335
Deposit	500	292
Other	66	56
Total prepaid expenses and other current assets	$ 4,714	$ 2,769

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cost	$ 10,991	$ 7,246
Accumulated depreciation	(3,732)	(3,099)
Depreciated cost	7,259	4,147
Computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Cost	4,874	3,656
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Cost	743	679
Leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	516	516
Capital leases of computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Cost	253	253
Internal use software
Property, Plant and Equipment [Line Items]
Cost	$ 4,605	$ 2,142

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Other Assets, Noncurrent Disclosure [Abstract]
Restricted cash	$ 407	$ 644	$ 605
Severance pay fund	1,749	1,673
Deferred offering costs	2,630	1,082
Other	163	165
Total other assets, noncurrent	$ 4,949	$ 3,564

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Details 3) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Accrued Liabilities and Other Liabilities [Abstract]
Accrued expenses	$ 6,081	$ 4,687
Accrued taxes	7,390	4,984
Other	1,050	1,580
Accrued expenses and other current liabilities	$ 14,521	$ 11,251

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Condensed Consolidated Balance Sheet Components [Abstract]
Depreciation expenses	$ 332	$ 835	$ 633	$ 1,687

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net loss	$ 2,719	$ 11,006	$ 18,275	$ 15,990
Preferred stock accretion	3,412	2,968	6,672	5,609
Total loss attributable to common stockholders, for basic net loss per share	6,131	13,974	24,947	21,599
Change in fair value of warrant liabilities	5,928	0	0	0
Total loss attributable to common stockholders, for diluted net loss per share	$ 12,059	$ 13,974	$ 24,947	$ 21,599
Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic	25,768,411	25,174,126	25,538,010	24,575,196
Weighted average effect of warrants to purchase preferred and common stock	7,067,699	0	0	0
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted	32,836,110	25,174,126	25,538,010	24,575,196
Net loss per share:
Net loss per share attributable to common stockholders, basic	$ 0.24	$ 0.56	$ 0.98	$ 0.88
Net loss per share attributable to common stockholders, diluted	$ 0.37	$ 0.56	$ 0.98	$ 0.88

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Details 1)	6 Months Ended
	Jun. 30, 2021 shares
Earnings Per Share [Abstract]
Convertible and redeemable convertible preferred stock	16,850,111
Warrants to purchase preferred and common stock	7,680,954
Outstanding stock options	31,488,683
Total	56,019,748

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 41,603	$ 28,749	$ 79,316	$ 54,655
Gross income	25,981	17,961	48,113	33,451
Operating expenses	31,751	16,838	62,483	36,251
Financial expenses (income), net	(4,497)	11,575	653	11,284
Provision for income taxes	(1,446)	(554)	(3,252)	(1,906)
Net loss	(2,719)	(11,006)	(18,275)	(15,990)
Enterprise, Education & Technology
Segment Reporting Information [Line Items]
Revenues	30,237	18,781	57,555	35,168
Gross income	21,151	13,976	39,900	26,180
Media and Telecom
Segment Reporting Information [Line Items]
Revenues	11,366	9,968	21,761	19,487
Gross income	4,830	3,985	8,213	7,271
Reportable segments
Segment Reporting Information [Line Items]
Revenues	41,603	28,749	79,316	54,655
Gross income	25,981	17,961	48,113	33,451
Operating expenses	31,751	16,838	62,483	36,251
Financial expenses (income), net	(4,497)	11,575	653	11,284
Provision for income taxes	1,446	554	3,252	1,906
Net loss	$ 2,719	$ 11,006	$ 18,275	$ 15,990

REPORTABLE SEGMENTS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 7,259	$ 4,147
US
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	5,402	2,850
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	1,821	1,283
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 36	$ 14

LONG-TERM LOAN (Details) $ in Thousands	Jun. 30, 2021 USD ($)
Debt Disclosure [Abstract]
Remaining of 2021	$ 500
2022	3,000
2023	6,000
2024	52,500
Long-term loans, total	$ 62,000

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

LONG-TERM LOAN (Detail Textuals) - USD ($) $ in Thousands	6 Months Ended
LONG-TERM LOAN (Detail Textuals) - USD ($) $ in Thousands	Jun. 30, 2021	Jan. 31, 2021
Line of Credit Facility [Line Items]
Interest rate description of credit facility	Borrowings under the Credit Facilities are subject to interest, determined as follows: (a) Eurodollar loans accrue interest at a rate per annum equal to the Eurodollar rate plus a margin of 3.50% (the Eurodollar rate is calculated based on the applicable LIBOR for U.S. dollar deposits, subject to a 1.00% floor, divided by 1.00 minus the maximum effective reserve percentage for Eurocurrency funding), and (b) Alternate Base Rate (“ABR”) loans accrue interest at a rate per annum equal to the ABR plus a margin of 2.50% (ABR is equal to the highest of (i) the prime rate and (ii) the Federal Funds Effective Rate plus 0.50%, subject to a 2.00% floor).
Line of Credit Facility, Frequency of Payments	quarterly
On April 01, 2021, through December 31, 2021
Line of Credit Facility [Line Items]
Line of Credit Facility, Periodic Payment	$ 250
On March 31, 2022 through December 31, 2022
Line of Credit Facility [Line Items]
Line of Credit Facility, Periodic Payment	750
On and after March 31, 2023
Line of Credit Facility [Line Items]
Line of Credit Facility, Periodic Payment	$ 1,500
Eurodollar
Line of Credit Facility [Line Items]
Description of Variable Rate Basis	Eurodollar rate
Basis Spread on Variable Rate	3.50%
LIBOR
Line of Credit Facility [Line Items]
Description of Variable Rate Basis	LIBOR
Floor rate	1.00%
Alternate Base Rate
Line of Credit Facility [Line Items]
Description of Variable Rate Basis	Alternate Base Rate
Basis Spread on Variable Rate	2.50%
Federal Funds Effective Rate [Member]
Line of Credit Facility [Line Items]
Description of Variable Rate Basis	Federal Funds Effective Rate
Basis Spread on Variable Rate	0.50%
Floor rate	2.00%
New Senior Secured Term Loan Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility		$ 40,000
New Senior Secured Revolving Credit Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility		$ 10,000
Amendment To Credit Agreement
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility	$ 12,500

CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Temporary Equity Line Items
Number of shares authorized	17,012,609	17,012,609
Number of shares issued and outstanding	16,850,111	16,823,100
Aggregate liquidation preference	$ 194,122	$ 187,346
Series A Preferred stock
Temporary Equity Line Items
Number of shares authorized	1,043,778	1,043,778
Number of shares issued and outstanding	1,043,778	1,043,778
Aggregate liquidation preference	$ 1,921	$ 1,921
Series B Preferred stock
Temporary Equity Line Items
Number of shares authorized	3,240,085	3,240,085
Number of shares issued and outstanding	3,240,085	3,240,085
Aggregate liquidation preference	$ 12,631	$ 12,631
Series C Preferred stock
Temporary Equity Line Items
Number of shares authorized	3,434,556	3,434,556
Number of shares issued and outstanding	3,430,152	3,403,141
Aggregate liquidation preference	$ 18,214	$ 18,110
Series D Preferred stock
Temporary Equity Line Items
Number of shares authorized	2,870,544	2,870,544
Number of shares issued and outstanding	2,814,258	2,814,258
Aggregate liquidation preference	$ 17,287	$ 17,287
Series D-1 Preferred stock
Temporary Equity Line Items
Number of shares authorized	714,286	714,286
Number of shares issued and outstanding	714,286	714,286
Aggregate liquidation preference	$ 4,354	$ 4,354
Series E Preferred stock
Temporary Equity Line Items
Number of shares authorized	4,042,693	4,042,693
Number of shares issued and outstanding	3,940,885	3,940,885
Aggregate liquidation preference	$ 40,000	$ 40,000
Series F Preferred stock
Temporary Equity Line Items
Number of shares authorized	1,666,667	1,666,667
Number of shares issued and outstanding	1,666,667	1,666,667
Aggregate liquidation preference	$ 99,715	$ 93,043

CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT (Details 1) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Number of Options
Outstanding as of December 31, 2020	31,981,404
Granted	0
Exercised	(326,340)
Forfeited	(166,381)
Outstanding as of June 30, 2021	31,488,683	31,981,404
Exercisable options as of June 30, 2021	16,038,448
Weighted Average exercise price
Outstanding as of December 31, 2020	$ 3.86
Granted	0
Exercised	0.87
Forfeited	3.62
Outstanding as of June 30, 2021	3.89	$ 3.86
Exercisable options as of June 30, 2021	$ 1.19
Options outstanding, contractual term (years)	7 years 3 months 10 days	7 years 8 months 19 days
Options exercisable, contractual term (years)	5 years 4 months 20 days
Aggregate Intrinsic Value (as restated)
Outstanding as of December 31, 2020	$ 22,134
Exercised	12,354
Outstanding as of June 30, 2021	27,625	$ 22,134
Exercisable options as of June 30, 2021	$ 18,790

CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	$ 4,213	$ 1,134	$ 9,173	$ 1,796
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	185	94	466	146
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	791	284	1,724	425
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	464	364	1,204	446
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	$ 2,773	$ 392	$ 5,779	$ 779

CONVERTIBLE AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT (Detail Textuals) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Jul. 23, 2021 $ / shares shares	Feb. 03, 2021 shares	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2020 USD ($)	Dec. 31, 2020 $ / shares shares
Class of Stock [Line Items]
Mezzanine equity, par value per share \| $ / shares			$ 0.0001		$ 0.0001		$ 0.0001
Number of Series C warrants converted		31,414
Number of Series C convertible preferred stock issued in conversion of warrants		27,011
Expenses on forgiveness of loans \| $			$ 0	$ 0	$ 1,724	$ 0
Common shares reserved for issuance of stock options			45,482,679		45,482,679
Additional common shares reserved for issuance of stock options					18,106,866
Term of options					10 years
Vesting period of options					4 years
Forward stock split					4.5
Subsequent Event
Class of Stock [Line Items]
Number of common stock upon conversion of redeemable convertible preferred stock	76,262,947
Subsequent Event \| Initial public offering (“IPO”)
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Number of common stock upon conversion of redeemable convertible preferred stock	7,067,699
Convertible Preferred Stock, Shares Issued upon Conversion	76,262,947
2017 Equity Incentive Plan
Class of Stock [Line Items]
Common stock shares available for grant			190,989		190,989		24,610
2007 Israeli Stock Option Plan
Class of Stock [Line Items]
Term of options					20 years
2021 Equity Incentive Plan \| Subsequent Event
Class of Stock [Line Items]
Common shares reserved for issuance of stock options	8,500,000
Other operating expenses
Class of Stock [Line Items]
Expenses on forgiveness of loans \| $					$ 1,724

SELECTED STATEMENT OF OPERATIONS DATA (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Financial income:
Interest income	$ 0	$ 0	$ 0	$ 17
Remeasurement of warrants to fair value	5,928	(10,625)	1,776	(10,034)	$ (41,505)
Foreign currency translation adjustment, net	(499)	191	(274)	977
Financial income	5,928	191	1,776	994
Financial expenses:
Bank fees	172	19	481	34
Interest expense	611	1,019	1,462	2,027
Other	149	103	212	183
Financial expenses	1,431	11,766	2,429	12,278
Financial expenses (income), net	$ (4,497)	$ 11,575	$ 653	$ 11,284

RELATED PARTIES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
RELATED PARTIES (Detail Textuals) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Trade receivables	$ 23,747		$ 23,747		$ 17,134
Deferred revenue	59,070		59,070		47,685
Investor
Related Party Transaction [Line Items]
Amount of minimum non-cancellable revenue commitments			548
Recognized total revenue	125	$ 129	250	$ 274
Deferred revenue	$ 418		$ 418		$ 161

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07.1(c))
-URI http://asc.fasb.org/extlink&oid=120401555&loc=SL114874292-224272

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(C))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1(e))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227