diff --git a/VERSION.txt b/VERSION.txt
index 267577d..8f0916f 100644
--- a/VERSION.txt
+++ b/VERSION.txt
@@ -1 +1 @@
-0.4.1
+0.5.0
diff --git a/src/build/settings/base.json b/src/build/settings/base.json
index f1b28a8..ab3e1ca 100644
--- a/src/build/settings/base.json
+++ b/src/build/settings/base.json
@@ -2,7 +2,7 @@
     "app_name": "sweep_qc_tool",
     "author": "Allen Institute for Brain Science",
     "main_module": "src/main/python/main.py",
-    "version": "0.4.1",
+    "version": "0.5.0",
     "hidden_imports": [
         "scipy",
         "scipy.signal",