diff --git a/label_studio/__init__.py b/label_studio/__init__.py
index 989eb6e3feec..90cce2b6dd64 100644
--- a/label_studio/__init__.py
+++ b/label_studio/__init__.py
@@ -1,2 +1,2 @@
 # Package version
-__version__ = '0.7.0'
+__version__ = '0.7.1'