diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 87acb70d5..3db0839a0 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,7 +1,7 @@
 Changelog
 =========
 
-v34.6.4 (unreleased)
+v34.7.0 (2024-07-02)
 --------------------
 
 - Add all "classify" plugin fields from scancode-toolkit on the CodebaseResource model.
diff --git a/scancodeio/__init__.py b/scancodeio/__init__.py
index 310ad6fdb..8bb3144f5 100644
--- a/scancodeio/__init__.py
+++ b/scancodeio/__init__.py
@@ -28,7 +28,7 @@
 
 import git
 
-VERSION = "34.6.3"
+VERSION = "34.7.0"
 
 PROJECT_DIR = Path(__file__).resolve().parent
 ROOT_DIR = PROJECT_DIR.parent
diff --git a/setup.cfg b/setup.cfg
index f4ed46b1c..7353c7867 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = scancodeio
-version = 34.6.3
+version = 34.7.0
 license = Apache-2.0
 description = Automate software composition analysis pipelines
 long_description = file:README.rst
@@ -170,7 +170,7 @@ ignore = D1,D203,D205,D212,D400,D415
 
 [bumpver]
 version_pattern = "MAJOR.MINOR.PATCH"
-current_version = "34.6.3"
+current_version = "34.7.0"
 
 [bumpver:file_patterns]
 setup.cfg =