Reykjavík University has its roots in the Commercial College of Iceland, School of Computer Science (TVÍ), which was founded in January 1988 and operated within the Commercial College of Iceland (VÍ) facilities for ten years.

Times Higher Education[5] Ragnhildur Helgadóttir is the president of Reykjavik University, succeeding Ari Kristinn Jónsson in September 2021.

The School offers opportunities for research, design and the management of systems for sustainable energy.

RU has participated in a formal implementation program of the European Commission policy regarding the working environment of researchers.

The university building accommodates all of its activities, including lecture halls, classrooms, a library, a gym, a cafeteria, a convenience store, administrative offices, and well-equipped study areas and group-work rooms.

For instance, it offers a double degree in computer science together with the University of Camerino.