diff --git a/mmdeploy/version.py b/mmdeploy/version.py
index 821f44df9..75268d665 100644
--- a/mmdeploy/version.py
+++ b/mmdeploy/version.py
@@ -1,7 +1,7 @@
 # Copyright (c) OpenMMLab. All rights reserved.
 from typing import Tuple
 
-__version__ = '0.4.0'
+__version__ = '0.5.0'
 short_version = __version__