diff --git a/VERSION b/VERSION
index 6e31d4f8f88985..415da95a8064ed 100644
--- a/VERSION
+++ b/VERSION
@@ -2,4 +2,4 @@ VERSION_MAJOR = 3
 VERSION_MINOR = 7
 PATCHLEVEL = 0
 VERSION_TWEAK = 0
-EXTRAVERSION = rc1
+EXTRAVERSION = rc2