National Instruments (NI), is probably best known for the LabVIEW software and modular instruments. The past few years, they have introduced more innovative test and measurement products than any other T&M manufacturer, at least, in our opinion.
Their latest box is called the "VirtualBench." It's a lab's worth of equipment in a single box at a reasonable price.
In this AddOhms video, we take a look the high-level capabilities of the VirtualBench. We even see what happens when a 555 timer isn't blinking an LED.