diff --git a/tfx/version.py b/tfx/version.py
index 3fba380194..de2256f0ee 100644
--- a/tfx/version.py
+++ b/tfx/version.py
@@ -14,4 +14,4 @@
 """Contains the version string of TFX."""
 
 # Note that setup.py uses this version.
-__version__ = '1.12.0'
+__version__ = '1.12.0-rc0'