The data security technology developer has been purchased by Microsoft after raising at least $26m from investors including Bloomberg Beta.

Software provider Microsoft paid an undisclosed amount to acquire BlueTalon, a US-based data protection software vendor backed by media group Bloomberg, on Monday.

Founded in 2013, BlueTalon has developed software that helps enterprise customers establish policies for how their employees can access data in compliance with data privacy laws. In addition to user access control, the platform also offers data masking and auditing tools for hybrid data environments.

The company raised more than $16m in a 2016 series A