Assignment history

Inventors

The sole inventor named on US Patent 12359958 is Randall Schwartzentruber. At the time of filing, it is determinable that Randall Schwartzentruber was associated with Binsentry Inc., as the patent was initially filed by and assigned to Binsentry Inc.

Original assignee

The original assignee of US Patent 12359958 is Binsentry Inc.
Binsentry Inc. is a privately-held tech firm based in Kitchener, Canada, founded in 2017. They develop and ship products embodying the claims, specifically AI-powered sensors and real-time monitoring solutions for optimizing feed supply chains in animal agriculture. Their products, such as ProSense Feed and ProSense HD, provide 3D visibility into feed inventories in agricultural and commercial silos. Binsentry Inc. is currently operating and has recently secured significant funding rounds, including a $50 million Series C round led by Lead Edge Capital and $25 million in growth capital from CIBC Innovation Banking in late 2025. They are actively expanding globally and have partnerships with major agricultural companies like Cargill.

Assignment timeline

The following is a chronological list of recorded assignments for US Patent 12359958, based on information from Google Patents and cross-referenced with USPTO Assignment Search.

• 2018-11-23 (executed) / recorded 2021-05-24 — Reel 056329/0164

  • Conveyance: Assignment of Assignor's Interest
  • Assignor: Schwartzentruber, Randall
  • Assignee: Binsentry Inc.
  • Correspondent: Gowling WLG (Canada) LLP, 100 King Street West, Suite 1600, 1 First Canadian Place, Toronto, ON, M5X 1G5, Canada.
  • Context: Initial assignment from inventor to the operating company.

• 2023-11-22 (executed) / recorded 2023-11-29 — Reel 065705/0095

  • Conveyance: Security Interest
  • Assignor: Binsentry Inc.
  • Assignee: National Bank of Canada, 600 de la Gauchetière Street West, Montreal, QC, H3B 4L2, Canada.
  • Correspondent: Dentons Canada LLP, 99 Bank Street, Suite 1400, Ottawa, ON, K1P 1H4, Canada.
  • Context: Securitization for financing purposes.

• 2024-06-25 (executed) / recorded 2024-08-02 — Reel 068162/0429

  • Conveyance: Security Interest
  • Assignor: Binsentry Inc.
  • Assignee: BDC Capital Inc., 5 Place Ville Marie, Suite 100, Montreal, QC, H3B 5E7, Canada.
  • Correspondent: Borden Ladner Gervais LLP, World Exchange Plaza, 100 Queen Street, Suite 1100, Ottawa, ON, K1P 1J9, Canada.
  • Context: Securitization for financing purposes.

• 2025-11-14 (executed) / recorded 2025-12-03 — Reel 073106/0630

  • Conveyance: Security Interest
  • Assignor: Binsentry Inc.
  • Assignee: Canadian Imperial Bank of Commerce, 81 Bay Street, 19th Floor, Toronto, ON, M5J 0E7, Canada.
  • Correspondent: Gowling WLG (Canada) LLP, 100 King Street West, Suite 1600, 1 First Canadian Place, Toronto, ON, M5X 1G5, Canada. (This correspondent recurs in this chain.)
  • Context: Securitization for financing purposes.

• 2025-11-14 (executed) / recorded 2025-12-09 — Reel 073164/0116

  • Conveyance: Release of Security Interest
  • Assignor: National Bank of Canada, 600 de la Gauchetière Street West, Montreal, QC, H3B 4L2, Canada.
  • Assignee: Binsentry Inc.
  • Correspondent: Gowling WLG (Canada) LLP, 100 King Street West, Suite 1600, 1 First Canadian Place, Toronto, ON, M5X 1G5, Canada. (This correspondent recurs in this chain.)
  • Context: Release of a previously granted security interest.

Timeline diagram

timeline
    title Ownership of US 12359958
    2018 : Filed by R Schwartzentruber
    2021 : Assigned to Binsentry Inc
    2023 : Security interest to National Bank
    2024 : Security interest to BDC Capital
    2025 : Issued
         : Security interest to CIBC
         : National Bank releases security

NPE / troll-pattern signals

1. Shell-entity transfer — Not present. The patent remains with Binsentry Inc., an operating company that actively develops and sells products related to the patent. There's no transfer to a licensing-only LLC.
2. Known asserter in the chain — Not present. None of the assignees (Binsentry Inc., National Bank of Canada, BDC Capital Inc., Canadian Imperial Bank of Commerce) are identified as known patent assertion entities (NPEs).
3. Repeat correspondent across the chain — Present. Gowling WLG (Canada) LLP appears as the correspondent for the initial assignment from the inventor to Binsentry Inc. (Reel 056329/0164) and for both the Security Interest to CIBC (Reel 073106/0630) and the Release of Security Interest from National Bank of Canada (Reel 073164/0116).
4. Cascading transfers — Not present. The transfers primarily involve Binsentry Inc. granting and having security interests released by financial institutions, which is typical for an operating company seeking and managing financing, not a rapid series of transfers through shell entities.
5. Pre-litigation transfer — Not present. No litigation has been identified for this patent, and the transfers observed are related to initial inventor assignment and subsequent financing, not an imminent lawsuit.
6. Bankruptcy fire-sale — Not present. Binsentry Inc. is actively operating and growing, not in bankruptcy.
7. Privateering — Not present. There is no evidence of Binsentry Inc. transferring the patent to an NPE for assertion against competitors.
8. Defensive aggregator (anti-NPE) — Not present. The chain does not terminate at any known defensive aggregators.

Verdict

Operating-company assertion. The patent is currently held by Binsentry Inc., an operating company that designs, manufactures, and sells bin level monitoring systems, directly embodying the claims of the patent. The transfers in the chain primarily consist of the initial assignment from the inventor to the company and subsequent security interests granted to and released by financial institutions for financing purposes, which is characteristic of an active commercial entity [cite: Reel 056329/0164, Reel 065705/0095, Reel 068162/0429, Reel 073106/0630, Reel 073164/0116]. The presence of a recurring correspondent, Gowling WLG (Canada) LLP, is a signal of consistent legal representation rather than a troll-pattern indicator in this context, given the operating nature of the assignee.

USPTO Assignment Center search for US12359958