US Patent Issued to MERCARI on July 15 for "Inventory ingestion, image processing, and market descriptor pricing system" (California Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,441, issued on July 15, was assigned to MERCARI INC. (Palo Alto, Calif.).

"Inventory ingestion, image processing, and market descriptor pricing system" was invented by Shida Schubert (Fairfax, Calif.) and John Lagerling (Los Altos Hills, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed herein are system, method, and computer program product embodiments for providing inventory ingestion and pricing system. An embodiment operates by determining an identification of a for sale object to be sold on an electronic marketplace. A set of items similar to the identification of the for sale object are identified from the marketplace. A price of...