A new quantum computer under development is slated to have 1 million qubits – significantly more powerful than Google’s most recent milestone. PsiQuantum Corp., a Silicon Valley company, is developing a photon-based commercial quantum computer that runs on light. The company has raised $215 million from investors with participation from BlackRock Advisors, Founders Fund, Atomico and Redpoint Ventures. The company’s ote.

While a working prototype is estimated to be years away, the advanced technology is aiming to blow away the competition with a far superior machine.

Founder and chief executive officer Jeremy O’Brien tells Bloomberg.