James Truchard

Shortly after the development of LabVIEW, in 1987 Truchard received one of the first Texas High Technology Entrepreneur awards. Twelve years later he was awarded a Texas High Technology Master Entrepreneur of the Year honor. He was named one of the nation's 50 Best CEOs in three consecutive years by Worth Magazine. In 2002, Truchard was inducted into the Electronic Design Engineering Hall of Fame, and the following year he was elected to the Royal Swedish Academy of Engineering Sciences. He has also been named a University of Texas Distinguished Engineering Graduate. In 2007, Truchard was elected as a member into the National Academy of Engineering for creating 'virtual instrumentation,' which enabled the rapid development of customized measurement systems in industry, academia, and classrooms. In 2018 he was the recipient of Armenia's Global High-Tech Award.

Truchard is a member and former chairman of the Engineering Foundation Advisory Council, and is a member of the University of Texas Chancellor's Council. He previously served on the UT Electrical and Computer Engineering Visiting Committee, and was a founding member of the Austin Software Council. Texas governor Rick Perry appointed Truchard to the state's Advisory Council on the Digital Economy and invited Truchard to chair the Texas Science, Technology, and Math Industry Advisory Council, which seeks to reverse the declining interest of young people in technical careers.

Truchard lives in Austin, Texas in a house overlooking Lake Austin. He had four children with his wife Lee, who died in 2012 after prolonged illness. In August 2015 he married Marci Truchard. As of March 2018, he is worth an estimated $1.1 billion. Truchard is heavily invested in the advancement and curing of Alzheimer's disease and funds projects, such as the Oskar Fischer Project, to do so.