diff --git a/pipeline_dp/__init__.py b/pipeline_dp/__init__.py
index 5a0cf5e2..58c26f56 100644
--- a/pipeline_dp/__init__.py
+++ b/pipeline_dp/__init__.py
@@ -26,4 +26,4 @@
 from pipeline_dp.pipeline_backend import LocalBackend
 from pipeline_dp.pipeline_backend import SparkRDDBackend
 
-__version__ = '0.0.1rc5'
+__version__ = '0.1.0-beta'
diff --git a/pyproject.toml b/pyproject.toml
index 5d798dc1..c2384c6c 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "pipeline-dp"
-version = "0.0.1rc5"
+version = "0.1.0-beta"
 description = ""
 authors = ["Chinmay Shah <chinmayshah3899@gmail.com>", "Vadym Doroshenko <dvadym@google.com>"]
 license = "Apache-2.0"
diff --git a/setup.cfg b/setup.cfg
index a21a39a6..c1b31bc3 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.0.1rc1
+current_version = 0.0.1rc5
 commit = True
 tag = True
 
diff --git a/setup.py b/setup.py
index 056318f8..a95798bc 100644
--- a/setup.py
+++ b/setup.py
@@ -24,7 +24,7 @@ def read(fname):
 
 setup_kwargs = {
     'name': 'pipeline-dp',
-    'version': '0.0.1rc5',
+    'version': '0.1.0-beta',
     'description': 'Framework for applying differential privacy to large datasets using batch processing systems',
     'author': 'Chinmay Shah',
     'author_email': 'chinmayshah3899@gmail.com',