diff --git a/release/setup.py b/release/setup.py
index e2b392eaf..9792ec6a4 100644
--- a/release/setup.py
+++ b/release/setup.py
@@ -31,7 +31,7 @@
 from setuptools.command.install import install
 from setuptools.dist import Distribution
 
-CUR_VERSION = "0.7.4"
+CUR_VERSION = "0.8.0"
 
 DOCLINES = __doc__.split("\n")
 
diff --git a/tensorflow_quantum/__init__.py b/tensorflow_quantum/__init__.py
index 3b6a0ad7c..8e266285b 100644
--- a/tensorflow_quantum/__init__.py
+++ b/tensorflow_quantum/__init__.py
@@ -64,4 +64,4 @@
 del core
 # pylint: enable=undefined-variable
 
-__version__ = '0.7.4'
+__version__ = '0.8.0'