Patents Assigned to ARKESTRO INC.
  • Patent number: 11961131
    Abstract: A third-party negotiation automation tool for generating cost estimates on behalf of a seller is described herein. In response to receiving a request for a product from a buyer, a seller may choose to participate in a negotiation for fulfilling the request. The system may utilize one or more data sources, such as user-provided data, third-party data, and the like, to generate a cost estimate on behalf of the seller for fulfilling the request. The seller may choose to accept, modify, or decline the generated cost estimate before providing the cost estimate to the buyer for acceptance. This process may continue for one or more rounds, dependent upon the request, with the final cost estimates provided to the buyer for selection at the conclusion of the one or more rounds.
    Type: Grant
    Filed: February 5, 2019
    Date of Patent: April 16, 2024
    Assignee: Arkestro Inc.
    Inventor: Edmund Zagorin
  • Patent number: 11915300
    Abstract: A method for generating personalized recommendations for procuring a product or service by a human entity is provided. The method includes accessing data for a set of transactions associated with a proposed procurement transaction between at least one of a plurality of purchaser entities and at least one of a plurality of supplier entities. The at least one of the transactions includes a line-item. The method includes identifying, based on the data for the set of transactions associated with the proposed procurement transaction, an identity or a behavioral pattern of the human entity associated with the proposed procurement transaction. The method includes generating a recommendation including a set of instructions for acting upon the proposed procurement transaction based on the identified identity or behavioral pattern of the at least one human entity, and providing the recommendation to the human entity associated with the proposed procurement transaction.
    Type: Grant
    Filed: January 27, 2023
    Date of Patent: February 27, 2024
    Assignee: ARKESTRO INC.
    Inventors: Edmund Adam Zagorin, Benjamin Kingsland Leiken