diff --git a/api/src/main/java/io/opencensus/common/OpenCensusLibraryInformation.java b/api/src/main/java/io/opencensus/common/OpenCensusLibraryInformation.java
index 911512124c..38ec8d32fb 100644
--- a/api/src/main/java/io/opencensus/common/OpenCensusLibraryInformation.java
+++ b/api/src/main/java/io/opencensus/common/OpenCensusLibraryInformation.java
@@ -21,7 +21,7 @@
 public final class OpenCensusLibraryInformation {
 
   /** The current version of the OpenCensus Java library. */
-  public static final String VERSION = "0.11.0-SNAPSHOT"; // CURRENT_OPENCENSUS_VERSION
+  public static final String VERSION = "0.12.0-SNAPSHOT"; // CURRENT_OPENCENSUS_VERSION
 
   private OpenCensusLibraryInformation() {}
 }
diff --git a/build.gradle b/build.gradle
index c55a60c982..bad12668ca 100644
--- a/build.gradle
+++ b/build.gradle
@@ -43,7 +43,7 @@ subprojects {
     }
 
     group = "io.opencensus"
-    version = "0.11.0-SNAPSHOT" // CURRENT_OPENCENSUS_VERSION
+    version = "0.12.0-SNAPSHOT" // CURRENT_OPENCENSUS_VERSION
 
     sourceCompatibility = 1.6
     targetCompatibility = 1.6