Raleigh Software Company Raising $1M

Axial Exchange Inc., a health care software company, is more than halfway through a second round of funding, it said in a securities filing Thursday. Axial’s filing with the U.S. Securities and Exchange Commission stated that the company is raising $1 million through an unspecified combination of debt, warrants and options, with $575,000 raised since Dec. 16 and $425,000 in securities remaining to be sold. The issues do not include direct share sales...

Axial’s software allows health care providers to share data with one another to improve their efficiency. The company’s clients include WakeMed Health & Hospitals and Quintiles, the Durham-based contract research organization...