diff --git a/src/deepsparse/version.py b/src/deepsparse/version.py
index 848f460af3..aea42ece77 100644
--- a/src/deepsparse/version.py
+++ b/src/deepsparse/version.py
@@ -39,7 +39,7 @@
     from deepsparse.generated_version import is_enterprise, is_release, splash, version
 except Exception:
     # otherwise, fall back to version info in this file
-    version = "1.7.0"
+    version = "1.8.0"
     is_release = False
     is_enterprise = False
     splash = (