According to CoinMeta, Patel is also an investor and has invested in about 20 AI startups, including Thinking Machines Lab founded by Mira Murati, as well as Enfabrica, a chip company that has reached a licensing agreement worth over $900 million with NVIDIA. Semianalysis is currently raising a $400 million venture capital fund named Semianalysis Capital Fund I, which is managed by founder Dylan Patel. In the past, this institution built its influence through research in chips and AI infrastructure; now it has begun to raise funds on a large scale to directly invest in industries it has long been paying attention to.