New York-based Charli AI has acquired Sums Capital, a Halifax-based company whose platform delivers intelligence for investors, to form Charli Capital, a new company offering insights on companies in public and private markets.

Charli said in April it had bought Sums, which was founded by Halifax startup veteran Peter Hickey, who had formerly been the CEO of medtech company Adaptiiv.

Sums Capital was an early-stage investment platform specializing in streamlining investor transparency, reporting, and portfolio management for private companies.

Charli AI said in a statement the acquisition would enhance its ability to deliver advanced, AI-powered financial insights, streamlining capital flow and decision-making across both private and public markets.

“The acquisition of Sums Capital marks a transformative step in redefining financial intelligence,” said Kevin Collins, CEO of Charli AI. “By combining Charli AI’s advanced intelligence with Sums Capital’s private investment expertise and investor network, we’re delivering the first end-to-end solution that brings transparency, automation, and actionable insights to a market where investors have long lacked visibility—especially to private company in depth analysis.”

The company said the acquisition of Sums Capital brings a sizeable network of private investors and integrates the target company’s advanced investor reporting platform with Charli AI’s autonomous, AI-driven financial analysis.

The merged company aims to redefine how startups, investors, and financial institutions approach investment intelligence, portfolio oversight, and capital engagement, said the statement.

Moving forward, Charli AI said it will operate under its new name: Charli Capital. It aims to be the market intelligence platform that sets the standard for industry-wide analysis across both public and private companies. 

The price of the deal was not revealed.