diff --git a/setup.py b/setup.py
index 4ae0425..49c6b9d 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@
 
 setup(
     name='xmanager',
-    version='0.4.0',
+    version='0.5.0',
     description='A framework for managing machine learning experiments',
     long_description=long_description,
     long_description_content_type='text/markdown',