diff --git a/keras_cv/__init__.py b/keras_cv/__init__.py
index 5216d16524..7b93ddc681 100644
--- a/keras_cv/__init__.py
+++ b/keras_cv/__init__.py
@@ -29,4 +29,4 @@
 from keras_cv.core import NormalFactorSampler
 from keras_cv.core import UniformFactorSampler
 
-__version__ = "0.2.10"
+__version__ = "0.3.1"