diff --git a/RELEASE.md b/RELEASE.md
index 2920efca3..a8455184c 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -8,6 +8,22 @@
 
 ## Bug Fixed and Other Changes
 
+# Version 1.17.0
+
+## Major Features and Improvements
+
+*   N/A
+
+## Breaking Changes
+
+*   N/A
+
+## Deprecations
+
+*   N/A
+
+## Bug Fixed and Other Changes
+
 *   Depends on `protobuf>=4.25.2,<5` for Python 3.11 and on `protobuf>4.21.6,<5`
     for 3.9 and 3.10.
 
diff --git a/ml_metadata/version.py b/ml_metadata/version.py
index b238af76d..69e315c28 100644
--- a/ml_metadata/version.py
+++ b/ml_metadata/version.py
@@ -15,4 +15,4 @@
 """Contains the version string of ML Metadata."""
 
 # Note that setup.py uses this version.
-__version__ = '1.17.0.dev'
+__version__ = '1.18.0.dev'