diff --git a/cognee-mcp/pyproject.toml b/cognee-mcp/pyproject.toml
index f37bf337c..b16a6aa78 100644
--- a/cognee-mcp/pyproject.toml
+++ b/cognee-mcp/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "cognee-mcp"
-version = "0.4.0"
+version = "0.5.0"
 description = "Cognee MCP server"
 readme = "README.md"
 requires-python = ">=3.10"
diff --git a/pyproject.toml b/pyproject.toml
index cf2081d0a..24ea6ca9b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,7 +1,7 @@
 [project]
 name = "cognee"
 
-version = "0.5.0.dev1"
+version = "0.5.0"
 description = "Cognee - is a library for enriching LLM context with a semantic layer for better understanding and reasoning."
 authors = [
     { name = "Vasilije Markovic" },