diff --git a/src/deepsparse/version.py b/src/deepsparse/version.py
index e6cbec9b32..2f53c7e32d 100644
--- a/src/deepsparse/version.py
+++ b/src/deepsparse/version.py
@@ -38,7 +38,7 @@
     from deepsparse.generated_version import is_release, splash, version
 except Exception:
     # otherwise, fall back to version info in this file
-    version = "0.7.0"
+    version = "0.8.0"
     is_release = False
     splash = (
         "DeepSparse Engine, Copyright 2021-present / Neuralmagic, Inc. "