diff --git a/setup.py b/setup.py
index a8a1c88849..68672b340f 100644
--- a/setup.py
+++ b/setup.py
@@ -24,7 +24,7 @@
 
 
 _PACKAGE_NAME = "deepsparse"
-_VERSION = "0.1.1"
+_VERSION = "0.2.0"
 _VERSION_MAJOR, _VERSION_MINOR, _VERSION_BUG = _VERSION.split(".")
 _VERSION_MAJOR_MINOR = f"{_VERSION_MAJOR}.{_VERSION_MINOR}"
 _NIGHTLY = "nightly" in sys.argv