| Schedule of Financial Assets and Liabilities Measured on Recurring Basis |
The fair value of the Company’s financial assets and liabilities measured on a recurring basis is as follows (in thousands):
| | | | | | | | | | | | | | | | | | As of July 31, 2016 | | Level I | | Level II | | Level III | | Total | Financial Assets: | | | | | | | | Cash equivalents: | | | | | | | | Money market funds | $ | 47,305 |
| | $ | — |
| | $ | — |
| | $ | 47,305 |
| Commercial paper | — |
| | 4,999 |
| | — |
| | 4,999 |
| Short-term investments: | | | | | | |
|
| Corporate bonds | — |
| | 64,360 |
| | — |
| | 64,360 |
| Commercial paper | — |
| | 21,631 |
| | — |
| | 21,631 |
| Total measured at fair value | 47,305 |
|
| 90,990 |
|
| — |
|
| 138,295 |
| Cash | | | | | | | 46,905 |
| Total cash, cash equivalents and short-term investments | | | | | | | $ | 185,200 |
| Financial Liabilities: | | | | | | | | Convertible preferred stock warrant liability | $ | — |
| | $ | — |
| | $ | 9,679 |
| | $ | 9,679 |
|
| | | | | | | | | | | | | | | | | | As of January 31, 2017 | | Level I | | Level II | | Level III | | Total | Financial Assets: | | | | | | | | Cash equivalents: | | | | | | | | Money market funds | $ | 115,806 |
| | $ | — |
| | $ | — |
| | $ | 115,806 |
| Commercial paper | — |
| | 44,364 |
| | — |
| | 44,364 |
| Short-term investments: | | | | | | |
|
| Corporate bonds | — |
| | 95,228 |
| | — |
| | 95,228 |
| Commercial paper | — |
| | 23,910 |
| | — |
| | 23,910 |
| U.S. government securities | — |
| | 10,009 |
| | — |
| | 10,009 |
| Total measured at fair value | $ | 115,806 |
| | $ | 173,511 |
| | $ | — |
| | 289,317 |
| Cash | | | | | | | 65,836 |
| Total cash, cash equivalents and short-term investments | | | | | | | $ | 355,153 |
| Financial Liabilities: | | | | | | | | Contingent consideration | $ | — |
| | $ | — |
| | $ | 2,843 |
| | $ | 2,843 |
|
|
| Summary of Changes in Fair Value of Convertible Preferred Stock Warrant Liability |
A summary of the changes in the fair value of the Company’s convertible preferred stock warrant liability is as follows (in thousands): | | | | | | | | | | Six Months Ended
January 31, | | 2016 | | 2017 | Convertible preferred stock warrant liability—beginning balance | $ | 11,683 |
| | $ | 9,679 |
| Change in fair value* | (1,904 | ) | | 21,133 |
| Reclassification of unexercised warrants to additional paid-in capital upon the IPO | — |
| | (30,812 | ) | Convertible preferred stock warrant liability—ending balance | $ | 9,779 |
| | $ | — |
|
______________ | | * | Recorded in the consolidated statements of operations within other expense—net. |
A summary of the changes in the fair value of the Company’s contingent consideration is as follows (in thousands): | | | | | | Six Months Ended January 31, 2017 | Contingent consideration—beginning balance | $ | — |
| Assumed in the PernixData Acquisition | 2,371 |
| Change in fair value* | 472 |
| Contingent consideration—ending balance | $ | 2,843 |
|
______________ | | * | Recorded in the consolidated statements of operations within general and administrative expenses |
|