diff --git a/.devcontainer/cuda11.8-conda/devcontainer.json b/.devcontainer/cuda11.8-conda/devcontainer.json
index 83078a304ed..e48301e4d14 100644
--- a/.devcontainer/cuda11.8-conda/devcontainer.json
+++ b/.devcontainer/cuda11.8-conda/devcontainer.json
@@ -5,12 +5,12 @@
     "args": {
       "CUDA": "11.8",
       "PYTHON_PACKAGE_MANAGER": "conda",
-      "BASE": "rapidsai/devcontainers:23.12-cpp-cuda11.8-mambaforge-ubuntu22.04"
+      "BASE": "rapidsai/devcontainers:24.02-cpp-cuda11.8-mambaforge-ubuntu22.04"
     }
   },
   "hostRequirements": {"gpu": "optional"},
   "features": {
-    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:23.12": {}
+    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:24.2": {}
   },
   "overrideFeatureInstallOrder": [
     "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils"
diff --git a/.devcontainer/cuda11.8-pip/devcontainer.json b/.devcontainer/cuda11.8-pip/devcontainer.json
index d59742575b5..a57ea0d163b 100644
--- a/.devcontainer/cuda11.8-pip/devcontainer.json
+++ b/.devcontainer/cuda11.8-pip/devcontainer.json
@@ -5,15 +5,15 @@
     "args": {
       "CUDA": "11.8",
       "PYTHON_PACKAGE_MANAGER": "pip",
-      "BASE": "rapidsai/devcontainers:23.12-cpp-llvm16-cuda11.8-ubuntu22.04"
+      "BASE": "rapidsai/devcontainers:24.02-cpp-llvm16-cuda11.8-ubuntu22.04"
     }
   },
   "hostRequirements": {"gpu": "optional"},
   "features": {
-    "ghcr.io/rapidsai/devcontainers/features/ucx:23.12": {
+    "ghcr.io/rapidsai/devcontainers/features/ucx:24.2": {
       "version": "1.14.1"
     },
-    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:23.12": {}
+    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:24.2": {}
   },
   "overrideFeatureInstallOrder": [
     "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils"
diff --git a/.devcontainer/cuda12.0-conda/devcontainer.json b/.devcontainer/cuda12.0-conda/devcontainer.json
index bc4a2cb6fb4..10ba2f8fd3d 100644
--- a/.devcontainer/cuda12.0-conda/devcontainer.json
+++ b/.devcontainer/cuda12.0-conda/devcontainer.json
@@ -5,12 +5,12 @@
     "args": {
       "CUDA": "12.0",
       "PYTHON_PACKAGE_MANAGER": "conda",
-      "BASE": "rapidsai/devcontainers:23.12-cpp-mambaforge-ubuntu22.04"
+      "BASE": "rapidsai/devcontainers:24.02-cpp-mambaforge-ubuntu22.04"
     }
   },
   "hostRequirements": {"gpu": "optional"},
   "features": {
-    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:23.12": {}
+    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:24.2": {}
   },
   "overrideFeatureInstallOrder": [
     "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils"
diff --git a/.devcontainer/cuda12.0-pip/devcontainer.json b/.devcontainer/cuda12.0-pip/devcontainer.json
index 3eacf726bf0..a112483a6db 100644
--- a/.devcontainer/cuda12.0-pip/devcontainer.json
+++ b/.devcontainer/cuda12.0-pip/devcontainer.json
@@ -5,15 +5,15 @@
     "args": {
       "CUDA": "12.0",
       "PYTHON_PACKAGE_MANAGER": "pip",
-      "BASE": "rapidsai/devcontainers:23.12-cpp-llvm16-cuda12.0-ubuntu22.04"
+      "BASE": "rapidsai/devcontainers:24.02-cpp-llvm16-cuda12.0-ubuntu22.04"
     }
   },
   "hostRequirements": {"gpu": "optional"},
   "features": {
-    "ghcr.io/rapidsai/devcontainers/features/ucx:23.12": {
+    "ghcr.io/rapidsai/devcontainers/features/ucx:24.2": {
       "version": "1.14.1"
     },
-    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:23.12": {}
+    "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils:24.2": {}
   },
   "overrideFeatureInstallOrder": [
     "ghcr.io/rapidsai/devcontainers/features/rapids-build-utils"
diff --git a/.github/workflows/build.yaml b/.github/workflows/build.yaml
index ccfdb826812..6f12a76dc18 100644
--- a/.github/workflows/build.yaml
+++ b/.github/workflows/build.yaml
@@ -28,7 +28,7 @@ concurrency:
 jobs:
   cpp-build:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-build.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -38,7 +38,7 @@ jobs:
   python-build:
     needs: [cpp-build]
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-python-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-python-build.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -47,7 +47,7 @@ jobs:
   upload-conda:
     needs: [cpp-build, python-build]
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-upload-packages.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-upload-packages.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -57,7 +57,7 @@ jobs:
     if: github.ref_type == 'branch'
     needs: python-build
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/custom-job.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/custom-job.yaml@branch-24.02
     with:
       arch: "amd64"
       branch: ${{ inputs.branch }}
@@ -69,7 +69,7 @@ jobs:
       sha: ${{ inputs.sha }}
   wheel-build-pylibcugraph:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -77,13 +77,13 @@ jobs:
       date: ${{ inputs.date }}
       script: ci/build_wheel_pylibcugraph.sh
       extra-repo: rapidsai/cugraph-ops
-      extra-repo-sha: branch-23.12
+      extra-repo-sha: branch-24.02
       extra-repo-deploy-key: CUGRAPH_OPS_SSH_PRIVATE_DEPLOY_KEY
       node_type: cpu32
   wheel-publish-pylibcugraph:
     needs: wheel-build-pylibcugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-publish.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-publish.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -93,7 +93,7 @@ jobs:
   wheel-build-cugraph:
     needs: wheel-publish-pylibcugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -101,12 +101,12 @@ jobs:
       date: ${{ inputs.date }}
       script: ci/build_wheel_cugraph.sh
       extra-repo: rapidsai/cugraph-ops
-      extra-repo-sha: branch-23.12
+      extra-repo-sha: branch-24.02
       extra-repo-deploy-key: CUGRAPH_OPS_SSH_PRIVATE_DEPLOY_KEY
   wheel-publish-cugraph:
     needs: wheel-build-cugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-publish.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-publish.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -116,7 +116,7 @@ jobs:
   wheel-build-nx-cugraph:
     needs: wheel-publish-pylibcugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
@@ -126,7 +126,7 @@ jobs:
   wheel-publish-nx-cugraph:
     needs: wheel-build-nx-cugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-publish.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-publish.yaml@branch-24.02
     with:
       build_type: ${{ inputs.build_type || 'branch' }}
       branch: ${{ inputs.branch }}
diff --git a/.github/workflows/pr.yaml b/.github/workflows/pr.yaml
index 9d20074381e..82c71efffdb 100644
--- a/.github/workflows/pr.yaml
+++ b/.github/workflows/pr.yaml
@@ -27,41 +27,41 @@ jobs:
       - wheel-tests-nx-cugraph
       - devcontainer
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/pr-builder.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/pr-builder.yaml@branch-24.02
   checks:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/checks.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/checks.yaml@branch-24.02
     with:
       enable_check_generated_files: false
   conda-cpp-build:
     needs: checks
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-build.yaml@branch-24.02
     with:
       build_type: pull-request
       node_type: cpu32
   conda-cpp-tests:
     needs: conda-cpp-build
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-tests.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-tests.yaml@branch-24.02
     with:
       build_type: pull-request
   conda-python-build:
     needs: conda-cpp-build
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-python-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-python-build.yaml@branch-24.02
     with:
       build_type: pull-request
   conda-python-tests:
     needs: conda-python-build
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-python-tests.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-python-tests.yaml@branch-24.02
     with:
       build_type: pull-request
   conda-notebook-tests:
     needs: conda-python-build
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/custom-job.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/custom-job.yaml@branch-24.02
     with:
       build_type: pull-request
       node_type: "gpu-v100-latest-1"
@@ -71,7 +71,7 @@ jobs:
   docs-build:
     needs: conda-python-build
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/custom-job.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/custom-job.yaml@branch-24.02
     with:
       build_type: pull-request
       node_type: "gpu-v100-latest-1"
@@ -81,55 +81,55 @@ jobs:
   wheel-build-pylibcugraph:
     needs: checks
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-24.02
     with:
       build_type: pull-request
       script: ci/build_wheel_pylibcugraph.sh
       extra-repo: rapidsai/cugraph-ops
-      extra-repo-sha: branch-23.12
+      extra-repo-sha: branch-24.02
       extra-repo-deploy-key: CUGRAPH_OPS_SSH_PRIVATE_DEPLOY_KEY
       node_type: cpu32
   wheel-tests-pylibcugraph:
     needs: wheel-build-pylibcugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-24.02
     with:
       build_type: pull-request
       script: ci/test_wheel_pylibcugraph.sh
   wheel-build-cugraph:
     needs: wheel-tests-pylibcugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-24.02
     with:
       build_type: pull-request
       script: ci/build_wheel_cugraph.sh
       extra-repo: rapidsai/cugraph-ops
-      extra-repo-sha: branch-23.12
+      extra-repo-sha: branch-24.02
       extra-repo-deploy-key: CUGRAPH_OPS_SSH_PRIVATE_DEPLOY_KEY
   wheel-tests-cugraph:
     needs: wheel-build-cugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-24.02
     with:
       build_type: pull-request
       script: ci/test_wheel_cugraph.sh
   wheel-build-nx-cugraph:
     needs: wheel-tests-pylibcugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-build.yaml@branch-24.02
     with:
       build_type: pull-request
       script: ci/build_wheel_nx-cugraph.sh
   wheel-tests-nx-cugraph:
     needs: wheel-build-nx-cugraph
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-24.02
     with:
       build_type: pull-request
       script: ci/test_wheel_nx-cugraph.sh
   devcontainer:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/build-in-devcontainer.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/build-in-devcontainer.yaml@branch-24.02
     with:
       node_type: cpu32
       extra-repo-deploy-key: CUGRAPH_OPS_SSH_PRIVATE_DEPLOY_KEY
diff --git a/.github/workflows/test.yaml b/.github/workflows/test.yaml
index a0ecb67712c..0d9f4d291c3 100644
--- a/.github/workflows/test.yaml
+++ b/.github/workflows/test.yaml
@@ -16,7 +16,7 @@ on:
 jobs:
   conda-cpp-tests:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-tests.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-cpp-tests.yaml@branch-24.02
     with:
       build_type: nightly
       branch: ${{ inputs.branch }}
@@ -24,7 +24,7 @@ jobs:
       sha: ${{ inputs.sha }}
   conda-python-tests:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/conda-python-tests.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/conda-python-tests.yaml@branch-24.02
     with:
       build_type: nightly
       branch: ${{ inputs.branch }}
@@ -32,7 +32,7 @@ jobs:
       sha: ${{ inputs.sha }}
   wheel-tests-pylibcugraph:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-24.02
     with:
       build_type: nightly
       branch: ${{ inputs.branch }}
@@ -41,7 +41,7 @@ jobs:
       script: ci/test_wheel_pylibcugraph.sh
   wheel-tests-cugraph:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-24.02
     with:
       build_type: nightly
       branch: ${{ inputs.branch }}
@@ -50,7 +50,7 @@ jobs:
       script: ci/test_wheel_cugraph.sh
   wheel-tests-nx-cugraph:
     secrets: inherit
-    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-23.12
+    uses: rapidsai/shared-workflows/.github/workflows/wheels-test.yaml@branch-24.02
     with:
       build_type: nightly
       branch: ${{ inputs.branch }}
diff --git a/VERSION b/VERSION
index a193fff41e8..3c6c5e2b706 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-23.12.00
+24.02.00
diff --git a/ci/build_docs.sh b/ci/build_docs.sh
index 3f97f652d41..e3b136b9662 100755
--- a/ci/build_docs.sh
+++ b/ci/build_docs.sh
@@ -37,7 +37,7 @@ rapids-mamba-retry install \
 rapids-logger "Install cugraph-dgl"
 rapids-mamba-retry install "${PYTHON_CHANNEL}/linux-64/cugraph-dgl-*.tar.bz2"
 
-export RAPIDS_VERSION_NUMBER="23.12"
+export RAPIDS_VERSION_NUMBER="24.02"
 export RAPIDS_DOCS_DIR="$(mktemp -d)"
 
 for PROJECT in libcugraphops libwholegraph; do
diff --git a/conda/environments/all_cuda-118_arch-x86_64.yaml b/conda/environments/all_cuda-118_arch-x86_64.yaml
index 2f3a9c988cf..fc3154d36ee 100644
--- a/conda/environments/all_cuda-118_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-118_arch-x86_64.yaml
@@ -16,13 +16,13 @@ dependencies:
 - cmake>=3.26.4
 - cuda-version=11.8
 - cudatoolkit
-- cudf==23.12.*
+- cudf==24.2.*
 - cupy>=12.0.0
 - cxx-compiler
 - cython>=3.0.0
 - dask-core>=2023.9.2
-- dask-cuda==23.12.*
-- dask-cudf==23.12.*
+- dask-cuda==24.2.*
+- dask-cudf==24.2.*
 - dask>=2023.7.1
 - distributed>=2023.7.1
 - doxygen
@@ -32,11 +32,11 @@ dependencies:
 - graphviz
 - gtest>=1.13.0
 - ipython
-- libcudf==23.12.*
-- libcugraphops==23.12.*
-- libraft-headers==23.12.*
-- libraft==23.12.*
-- librmm==23.12.*
+- libcudf==24.2.*
+- libcugraphops==24.2.*
+- libraft-headers==24.2.*
+- libraft==24.2.*
+- librmm==24.2.*
 - nbsphinx
 - nccl>=2.9.9
 - networkx>=2.5.1
@@ -52,19 +52,19 @@ dependencies:
 - pandas
 - pre-commit
 - pydata-sphinx-theme
-- pylibcugraphops==23.12.*
-- pylibraft==23.12.*
-- pylibwholegraph==23.12.*
+- pylibcugraphops==24.2.*
+- pylibraft==24.2.*
+- pylibwholegraph==24.2.*
 - pytest
 - pytest-benchmark
 - pytest-cov
 - pytest-mpl
 - pytest-xdist
 - python-louvain
-- raft-dask==23.12.*
+- raft-dask==24.2.*
 - recommonmark
 - requests
-- rmm==23.12.*
+- rmm==24.2.*
 - scikit-build>=0.13.1
 - scikit-learn>=0.23.1
 - scipy
@@ -74,7 +74,7 @@ dependencies:
 - sphinx<6
 - sphinxcontrib-websupport
 - ucx-proc=*=gpu
-- ucx-py==0.35.*
+- ucx-py==0.36.*
 - wget
 - wheel
 name: all_cuda-118_arch-x86_64
diff --git a/conda/environments/all_cuda-120_arch-x86_64.yaml b/conda/environments/all_cuda-120_arch-x86_64.yaml
index 31ff503e682..1fa88754835 100644
--- a/conda/environments/all_cuda-120_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-120_arch-x86_64.yaml
@@ -16,13 +16,13 @@ dependencies:
 - cmake>=3.26.4
 - cuda-nvcc
 - cuda-version=12.0
-- cudf==23.12.*
+- cudf==24.2.*
 - cupy>=12.0.0
 - cxx-compiler
 - cython>=3.0.0
 - dask-core>=2023.9.2
-- dask-cuda==23.12.*
-- dask-cudf==23.12.*
+- dask-cuda==24.2.*
+- dask-cudf==24.2.*
 - dask>=2023.7.1
 - distributed>=2023.7.1
 - doxygen
@@ -32,11 +32,11 @@ dependencies:
 - graphviz
 - gtest>=1.13.0
 - ipython
-- libcudf==23.12.*
-- libcugraphops==23.12.*
-- libraft-headers==23.12.*
-- libraft==23.12.*
-- librmm==23.12.*
+- libcudf==24.2.*
+- libcugraphops==24.2.*
+- libraft-headers==24.2.*
+- libraft==24.2.*
+- librmm==24.2.*
 - nbsphinx
 - nccl>=2.9.9
 - networkx>=2.5.1
@@ -51,19 +51,19 @@ dependencies:
 - pandas
 - pre-commit
 - pydata-sphinx-theme
-- pylibcugraphops==23.12.*
-- pylibraft==23.12.*
-- pylibwholegraph==23.12.*
+- pylibcugraphops==24.2.*
+- pylibraft==24.2.*
+- pylibwholegraph==24.2.*
 - pytest
 - pytest-benchmark
 - pytest-cov
 - pytest-mpl
 - pytest-xdist
 - python-louvain
-- raft-dask==23.12.*
+- raft-dask==24.2.*
 - recommonmark
 - requests
-- rmm==23.12.*
+- rmm==24.2.*
 - scikit-build>=0.13.1
 - scikit-learn>=0.23.1
 - scipy
@@ -73,7 +73,7 @@ dependencies:
 - sphinx<6
 - sphinxcontrib-websupport
 - ucx-proc=*=gpu
-- ucx-py==0.35.*
+- ucx-py==0.36.*
 - wget
 - wheel
 name: all_cuda-120_arch-x86_64
diff --git a/conda/recipes/cugraph-service/conda_build_config.yaml b/conda/recipes/cugraph-service/conda_build_config.yaml
index b971a73fd39..6a0124983fd 100644
--- a/conda/recipes/cugraph-service/conda_build_config.yaml
+++ b/conda/recipes/cugraph-service/conda_build_config.yaml
@@ -1,2 +1,2 @@
 ucx_py_version:
-  - "0.35.*"
+  - "0.36.*"
diff --git a/conda/recipes/cugraph/conda_build_config.yaml b/conda/recipes/cugraph/conda_build_config.yaml
index c03d515b9f6..387f3451d8d 100644
--- a/conda/recipes/cugraph/conda_build_config.yaml
+++ b/conda/recipes/cugraph/conda_build_config.yaml
@@ -17,4 +17,4 @@ sysroot_version:
   - "2.17"
 
 ucx_py_version:
-  - "0.35.*"
+  - "0.36.*"
diff --git a/conda/recipes/pylibcugraph/conda_build_config.yaml b/conda/recipes/pylibcugraph/conda_build_config.yaml
index c03d515b9f6..387f3451d8d 100644
--- a/conda/recipes/pylibcugraph/conda_build_config.yaml
+++ b/conda/recipes/pylibcugraph/conda_build_config.yaml
@@ -17,4 +17,4 @@ sysroot_version:
   - "2.17"
 
 ucx_py_version:
-  - "0.35.*"
+  - "0.36.*"
diff --git a/cpp/CMakeLists.txt b/cpp/CMakeLists.txt
index 41870cbc92b..c19241f3e67 100644
--- a/cpp/CMakeLists.txt
+++ b/cpp/CMakeLists.txt
@@ -25,7 +25,7 @@ include(rapids-find)
 
 rapids_cuda_init_architectures(CUGRAPH)
 
-project(CUGRAPH VERSION 23.12.00 LANGUAGES C CXX CUDA)
+project(CUGRAPH VERSION 24.02.00 LANGUAGES C CXX CUDA)
 
 if(CMAKE_CUDA_COMPILER_ID STREQUAL "NVIDIA" AND
    CMAKE_CUDA_COMPILER_VERSION VERSION_LESS 11.0)
diff --git a/cpp/doxygen/Doxyfile b/cpp/doxygen/Doxyfile
index 482ff988098..a5ac2baa694 100644
--- a/cpp/doxygen/Doxyfile
+++ b/cpp/doxygen/Doxyfile
@@ -38,7 +38,7 @@ PROJECT_NAME           = "libcugraph"
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER=23.12
+PROJECT_NUMBER=24.02
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/cpp/libcugraph_etl/CMakeLists.txt b/cpp/libcugraph_etl/CMakeLists.txt
index ac0cb6959e8..8874c75896c 100644
--- a/cpp/libcugraph_etl/CMakeLists.txt
+++ b/cpp/libcugraph_etl/CMakeLists.txt
@@ -25,7 +25,7 @@ include(rapids-find)
 
 rapids_cuda_init_architectures(CUGRAPH_ETL)
 
-project(CUGRAPH_ETL VERSION 23.12.00 LANGUAGES C CXX CUDA)
+project(CUGRAPH_ETL VERSION 24.02.00 LANGUAGES C CXX CUDA)
 
 if(CMAKE_CUDA_COMPILER_ID STREQUAL "NVIDIA" AND
    CMAKE_CUDA_COMPILER_VERSION VERSION_LESS 11.0)
diff --git a/dependencies.yaml b/dependencies.yaml
index b127d9bd29e..a78f6ea5858 100644
--- a/dependencies.yaml
+++ b/dependencies.yaml
@@ -297,10 +297,10 @@ dependencies:
           - cxx-compiler
           - gmock>=1.13.0
           - gtest>=1.13.0
-          - libcugraphops==23.12.*
-          - libraft-headers==23.12.*
-          - libraft==23.12.*
-          - librmm==23.12.*
+          - libcugraphops==24.2.*
+          - libraft-headers==24.2.*
+          - libraft==24.2.*
+          - librmm==24.2.*
           - openmpi # Required for building cpp-mgtests (multi-GPU tests)
     specific:
       - output_types: [conda]
@@ -379,15 +379,15 @@ dependencies:
         packages:
           - &dask dask>=2023.7.1
           - &distributed distributed>=2023.7.1
-          - &dask_cuda dask-cuda==23.12.*
+          - &dask_cuda dask-cuda==24.2.*
           - &numba numba>=0.57
-          - &ucx_py ucx-py==0.35.*
+          - &ucx_py ucx-py==0.36.*
       - output_types: conda
         packages:
           - aiohttp
           - &dask-core_conda dask-core>=2023.9.2
           - fsspec>=0.6.0
-          - libcudf==23.12.*
+          - libcudf==24.2.*
           - requests
           - nccl>=2.9.9
           - ucx-proc=*=gpu
@@ -410,7 +410,7 @@ dependencies:
           - *numpy
       - output_types: [pyproject]
         packages:
-          - &cugraph cugraph==23.12.*
+          - &cugraph cugraph==24.2.*
   python_run_cugraph_pyg:
     common:
       - output_types: [conda, pyproject]
@@ -442,7 +442,7 @@ dependencies:
       - output_types: pyproject
         packages:
           - *cugraph
-          - cugraph-service-client==23.12.*
+          - cugraph-service-client==24.2.*
   test_cpp:
     common:
       - output_types: conda
@@ -477,7 +477,7 @@ dependencies:
           - scikit-learn>=0.23.1
       - output_types: [conda]
         packages:
-          - pylibwholegraph==23.12.*
+          - pylibwholegraph==24.2.*
   test_python_pylibcugraph:
     common:
       - output_types: [conda, pyproject]
@@ -494,7 +494,7 @@ dependencies:
     common:
       - output_types: [conda]
         packages:
-          - cugraph==23.12.*
+          - cugraph==24.2.*
           - pytorch>=2.0
           - pytorch-cuda==11.8
           - dgl>=1.1.0.cu*
@@ -502,7 +502,7 @@ dependencies:
     common:
       - output_types: [conda]
         packages:
-          - cugraph==23.12.*
+          - cugraph==24.2.*
           - pytorch==2.0
           - pytorch-cuda==11.8
           - pyg=2.3.1=*torch_2.0.0*cu118*
@@ -511,7 +511,7 @@ dependencies:
     common:
       - output_types: conda
         packages:
-          - &rmm_conda rmm==23.12.*
+          - &rmm_conda rmm==24.2.*
       - output_types: requirements
         packages:
           # pip recognizes the index as a global option for the requirements.txt file
@@ -521,12 +521,12 @@ dependencies:
         matrices:
           - matrix: {cuda: "12.2"}
             packages: &rmm_packages_pip_cu12
-              - rmm-cu12==23.12.*
+              - rmm-cu12==24.2.*
           - {matrix: {cuda: "12.1"}, packages: *rmm_packages_pip_cu12}
           - {matrix: {cuda: "12.0"}, packages: *rmm_packages_pip_cu12}
           - matrix: {cuda: "11.8"}
             packages: &rmm_packages_pip_cu11
-              - rmm-cu11==23.12.*
+              - rmm-cu11==24.2.*
           - {matrix: {cuda: "11.5"}, packages: *rmm_packages_pip_cu11}
           - {matrix: {cuda: "11.4"}, packages: *rmm_packages_pip_cu11}
           - {matrix: {cuda: "11.2"}, packages: *rmm_packages_pip_cu11}
@@ -536,7 +536,7 @@ dependencies:
     common:
       - output_types: conda
         packages:
-          - &cudf_conda cudf==23.12.*
+          - &cudf_conda cudf==24.2.*
       - output_types: requirements
         packages:
           # pip recognizes the index as a global option for the requirements.txt file
@@ -546,12 +546,12 @@ dependencies:
         matrices:
           - matrix: {cuda: "12.2"}
             packages: &cudf_packages_pip_cu12
-              - cudf-cu12==23.12.*
+              - cudf-cu12==24.2.*
           - {matrix: {cuda: "12.1"}, packages: *cudf_packages_pip_cu12}
           - {matrix: {cuda: "12.0"}, packages: *cudf_packages_pip_cu12}
           - matrix: {cuda: "11.8"}
             packages: &cudf_packages_pip_cu11
-              - cudf-cu11==23.12.*
+              - cudf-cu11==24.2.*
           - {matrix: {cuda: "11.5"}, packages: *cudf_packages_pip_cu11}
           - {matrix: {cuda: "11.4"}, packages: *cudf_packages_pip_cu11}
           - {matrix: {cuda: "11.2"}, packages: *cudf_packages_pip_cu11}
@@ -561,7 +561,7 @@ dependencies:
     common:
       - output_types: conda
         packages:
-          - &dask_cudf_conda dask-cudf==23.12.*
+          - &dask_cudf_conda dask-cudf==24.2.*
       - output_types: requirements
         packages:
           # pip recognizes the index as a global option for the requirements.txt file
@@ -571,12 +571,12 @@ dependencies:
         matrices:
           - matrix: {cuda: "12.2"}
             packages: &dask_cudf_packages_pip_cu12
-              - dask-cudf-cu12==23.12.*
+              - dask-cudf-cu12==24.2.*
           - {matrix: {cuda: "12.1"}, packages: *dask_cudf_packages_pip_cu12}
           - {matrix: {cuda: "12.0"}, packages: *dask_cudf_packages_pip_cu12}
           - matrix: {cuda: "11.8"}
             packages: &dask_cudf_packages_pip_cu11
-              - dask-cudf-cu11==23.12.*
+              - dask-cudf-cu11==24.2.*
           - {matrix: {cuda: "11.5"}, packages: *dask_cudf_packages_pip_cu11}
           - {matrix: {cuda: "11.4"}, packages: *dask_cudf_packages_pip_cu11}
           - {matrix: {cuda: "11.2"}, packages: *dask_cudf_packages_pip_cu11}
@@ -586,7 +586,7 @@ dependencies:
     common:
       - output_types: conda
         packages:
-          - &pylibraft_conda pylibraft==23.12.*
+          - &pylibraft_conda pylibraft==24.2.*
       - output_types: requirements
         packages:
           # pip recognizes the index as a global option for the requirements.txt file
@@ -596,12 +596,12 @@ dependencies:
         matrices:
           - matrix: {cuda: "12.2"}
             packages: &pylibraft_packages_pip_cu12
-              - pylibraft-cu12==23.12.*
+              - pylibraft-cu12==24.2.*
           - {matrix: {cuda: "12.1"}, packages: *pylibraft_packages_pip_cu12}
           - {matrix: {cuda: "12.0"}, packages: *pylibraft_packages_pip_cu12}
           - matrix: {cuda: "11.8"}
             packages: &pylibraft_packages_pip_cu11
-              - pylibraft-cu11==23.12.*
+              - pylibraft-cu11==24.2.*
           - {matrix: {cuda: "11.5"}, packages: *pylibraft_packages_pip_cu11}
           - {matrix: {cuda: "11.4"}, packages: *pylibraft_packages_pip_cu11}
           - {matrix: {cuda: "11.2"}, packages: *pylibraft_packages_pip_cu11}
@@ -611,7 +611,7 @@ dependencies:
     common:
       - output_types: conda
         packages:
-          - &raft_dask_conda raft-dask==23.12.*
+          - &raft_dask_conda raft-dask==24.2.*
       - output_types: requirements
         packages:
           # pip recognizes the index as a global option for the requirements.txt file
@@ -621,12 +621,12 @@ dependencies:
         matrices:
           - matrix: {cuda: "12.2"}
             packages: &raft_dask_packages_pip_cu12
-              - raft-dask-cu12==23.12.*
+              - raft-dask-cu12==24.2.*
           - {matrix: {cuda: "12.1"}, packages: *raft_dask_packages_pip_cu12}
           - {matrix: {cuda: "12.0"}, packages: *raft_dask_packages_pip_cu12}
           - matrix: {cuda: "11.8"}
             packages: &raft_dask_packages_pip_cu11
-              - raft-dask-cu11==23.12.*
+              - raft-dask-cu11==24.2.*
           - {matrix: {cuda: "11.5"}, packages: *raft_dask_packages_pip_cu11}
           - {matrix: {cuda: "11.4"}, packages: *raft_dask_packages_pip_cu11}
           - {matrix: {cuda: "11.2"}, packages: *raft_dask_packages_pip_cu11}
@@ -636,7 +636,7 @@ dependencies:
     common:
       - output_types: conda
         packages:
-          - &pylibcugraph_conda pylibcugraph==23.12.*
+          - &pylibcugraph_conda pylibcugraph==24.2.*
       - output_types: requirements
         packages:
           # pip recognizes the index as a global option for the requirements.txt file
@@ -646,12 +646,12 @@ dependencies:
         matrices:
           - matrix: {cuda: "12.2"}
             packages: &pylibcugraph_packages_pip_cu12
-              - pylibcugraph-cu12==23.12.*
+              - pylibcugraph-cu12==24.2.*
           - {matrix: {cuda: "12.1"}, packages: *pylibcugraph_packages_pip_cu12}
           - {matrix: {cuda: "12.0"}, packages: *pylibcugraph_packages_pip_cu12}
           - matrix: {cuda: "11.8"}
             packages: &pylibcugraph_packages_pip_cu11
-              - pylibcugraph-cu11==23.12.*
+              - pylibcugraph-cu11==24.2.*
           - {matrix: {cuda: "11.5"}, packages: *pylibcugraph_packages_pip_cu11}
           - {matrix: {cuda: "11.4"}, packages: *pylibcugraph_packages_pip_cu11}
           - {matrix: {cuda: "11.2"}, packages: *pylibcugraph_packages_pip_cu11}
@@ -661,7 +661,7 @@ dependencies:
     common:
       - output_types: conda
         packages:
-          - &pylibcugraphops_conda pylibcugraphops==23.12.*
+          - &pylibcugraphops_conda pylibcugraphops==24.2.*
       - output_types: requirements
         packages:
           # pip recognizes the index as a global option for the requirements.txt file
@@ -671,12 +671,12 @@ dependencies:
         matrices:
           - matrix: {cuda: "12.2"}
             packages: &pylibcugraphops_packages_pip_cu12
-              - pylibcugraphops-cu12==23.12.*
+              - pylibcugraphops-cu12==24.2.*
           - {matrix: {cuda: "12.1"}, packages: *pylibcugraphops_packages_pip_cu12}
           - {matrix: {cuda: "12.0"}, packages: *pylibcugraphops_packages_pip_cu12}
           - matrix: {cuda: "11.8"}
             packages: &pylibcugraphops_packages_pip_cu11
-              - pylibcugraphops-cu11==23.12.*
+              - pylibcugraphops-cu11==24.2.*
           - {matrix: {cuda: "11.5"}, packages: *pylibcugraphops_packages_pip_cu11}
           - {matrix: {cuda: "11.4"}, packages: *pylibcugraphops_packages_pip_cu11}
           - {matrix: {cuda: "11.2"}, packages: *pylibcugraphops_packages_pip_cu11}
diff --git a/docs/cugraph/source/conf.py b/docs/cugraph/source/conf.py
index 470086b4faa..940d2144273 100644
--- a/docs/cugraph/source/conf.py
+++ b/docs/cugraph/source/conf.py
@@ -77,9 +77,9 @@
 # built documents.
 #
 # The short X.Y version.
-version = '23.12'
+version = '24.02'
 # The full version, including alpha/beta/rc tags.
-release = '23.12.00'
+release = '24.02.00'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/fetch_rapids.cmake b/fetch_rapids.cmake
index 2c1dd855cb5..1f099e8f85f 100644
--- a/fetch_rapids.cmake
+++ b/fetch_rapids.cmake
@@ -12,7 +12,7 @@
 # the License.
 # =============================================================================
 if(NOT EXISTS ${CMAKE_CURRENT_BINARY_DIR}/CUGRAPH_RAPIDS.cmake)
-  file(DOWNLOAD https://raw.githubusercontent.com/rapidsai/rapids-cmake/branch-23.12/RAPIDS.cmake
+  file(DOWNLOAD https://raw.githubusercontent.com/rapidsai/rapids-cmake/branch-24.02/RAPIDS.cmake
        ${CMAKE_CURRENT_BINARY_DIR}/CUGRAPH_RAPIDS.cmake
   )
 endif()
diff --git a/python/cugraph-dgl/conda/cugraph_dgl_dev_cuda-118.yaml b/python/cugraph-dgl/conda/cugraph_dgl_dev_cuda-118.yaml
index b73ccb0cf9a..c6df338ab9a 100644
--- a/python/cugraph-dgl/conda/cugraph_dgl_dev_cuda-118.yaml
+++ b/python/cugraph-dgl/conda/cugraph_dgl_dev_cuda-118.yaml
@@ -10,11 +10,11 @@ channels:
 - conda-forge
 - nvidia
 dependencies:
-- cugraph==23.12.*
+- cugraph==24.2.*
 - dgl>=1.1.0.cu*
 - pandas
 - pre-commit
-- pylibcugraphops==23.12.*
+- pylibcugraphops==24.2.*
 - pytest
 - pytest-benchmark
 - pytest-cov
diff --git a/python/cugraph-dgl/pyproject.toml b/python/cugraph-dgl/pyproject.toml
index eff7a20f0aa..62fa8ab6368 100644
--- a/python/cugraph-dgl/pyproject.toml
+++ b/python/cugraph-dgl/pyproject.toml
@@ -19,7 +19,7 @@ authors = [
 license = { text = "Apache 2.0" }
 requires-python = ">=3.9"
 dependencies = [
-    "cugraph==23.12.*",
+    "cugraph==24.2.*",
     "numba>=0.57",
     "numpy>=1.21",
 ] # This list was generated by `rapids-dependency-file-generator`. To make changes, edit ../../dependencies.yaml and run `rapids-dependency-file-generator`.
diff --git a/python/cugraph-pyg/conda/cugraph_pyg_dev_cuda-118.yaml b/python/cugraph-pyg/conda/cugraph_pyg_dev_cuda-118.yaml
index f98eab430ba..ec75846e81e 100644
--- a/python/cugraph-pyg/conda/cugraph_pyg_dev_cuda-118.yaml
+++ b/python/cugraph-pyg/conda/cugraph_pyg_dev_cuda-118.yaml
@@ -10,11 +10,11 @@ channels:
 - conda-forge
 - nvidia
 dependencies:
-- cugraph==23.12.*
+- cugraph==24.2.*
 - pandas
 - pre-commit
 - pyg=2.3.1=*torch_2.0.0*cu118*
-- pylibcugraphops==23.12.*
+- pylibcugraphops==24.2.*
 - pytest
 - pytest-benchmark
 - pytest-cov
diff --git a/python/cugraph-pyg/pyproject.toml b/python/cugraph-pyg/pyproject.toml
index 95b1fa27402..b0671644982 100644
--- a/python/cugraph-pyg/pyproject.toml
+++ b/python/cugraph-pyg/pyproject.toml
@@ -26,7 +26,7 @@ classifiers = [
     "Programming Language :: Python :: 3.10",
 ]
 dependencies = [
-    "cugraph==23.12.*",
+    "cugraph==24.2.*",
     "numba>=0.57",
     "numpy>=1.21",
 ] # This list was generated by `rapids-dependency-file-generator`. To make changes, edit ../../dependencies.yaml and run `rapids-dependency-file-generator`.
diff --git a/python/cugraph-service/server/pyproject.toml b/python/cugraph-service/server/pyproject.toml
index f50b33b3f15..c0e1e6d0bb9 100644
--- a/python/cugraph-service/server/pyproject.toml
+++ b/python/cugraph-service/server/pyproject.toml
@@ -19,19 +19,19 @@ authors = [
 license = { text = "Apache 2.0" }
 requires-python = ">=3.9"
 dependencies = [
-    "cudf==23.12.*",
-    "cugraph-service-client==23.12.*",
-    "cugraph==23.12.*",
+    "cudf==24.2.*",
+    "cugraph-service-client==24.2.*",
+    "cugraph==24.2.*",
     "cupy-cuda11x>=12.0.0",
-    "dask-cuda==23.12.*",
-    "dask-cudf==23.12.*",
+    "dask-cuda==24.2.*",
+    "dask-cudf==24.2.*",
     "dask>=2023.7.1",
     "distributed>=2023.7.1",
     "numba>=0.57",
     "numpy>=1.21",
-    "rmm==23.12.*",
+    "rmm==24.2.*",
     "thriftpy2",
-    "ucx-py==0.35.*",
+    "ucx-py==0.36.*",
 ] # This list was generated by `rapids-dependency-file-generator`. To make changes, edit ../../../dependencies.yaml and run `rapids-dependency-file-generator`.
 classifiers = [
     "Intended Audience :: Developers",
diff --git a/python/cugraph/CMakeLists.txt b/python/cugraph/CMakeLists.txt
index 8693c0e9e1f..a1ec12c6e07 100644
--- a/python/cugraph/CMakeLists.txt
+++ b/python/cugraph/CMakeLists.txt
@@ -14,7 +14,7 @@
 
 cmake_minimum_required(VERSION 3.26.4 FATAL_ERROR)
 
-set(cugraph_version 23.12.00)
+set(cugraph_version 24.02.00)
 
 include(../../fetch_rapids.cmake)
 
diff --git a/python/cugraph/pyproject.toml b/python/cugraph/pyproject.toml
index aaa301fa05f..da898583d1b 100644
--- a/python/cugraph/pyproject.toml
+++ b/python/cugraph/pyproject.toml
@@ -6,9 +6,9 @@ requires = [
     "cmake>=3.26.4",
     "cython>=3.0.0",
     "ninja",
-    "pylibcugraph==23.12.*",
-    "pylibraft==23.12.*",
-    "rmm==23.12.*",
+    "pylibcugraph==24.2.*",
+    "pylibraft==24.2.*",
+    "rmm==24.2.*",
     "scikit-build>=0.13.1",
     "setuptools>=61.0.0",
     "wheel",
@@ -29,18 +29,18 @@ authors = [
 license = { text = "Apache 2.0" }
 requires-python = ">=3.9"
 dependencies = [
-    "cudf==23.12.*",
+    "cudf==24.2.*",
     "cupy-cuda11x>=12.0.0",
-    "dask-cuda==23.12.*",
-    "dask-cudf==23.12.*",
+    "dask-cuda==24.2.*",
+    "dask-cudf==24.2.*",
     "dask>=2023.7.1",
     "distributed>=2023.7.1",
     "fsspec[http]>=0.6.0",
     "numba>=0.57",
-    "pylibcugraph==23.12.*",
-    "raft-dask==23.12.*",
-    "rmm==23.12.*",
-    "ucx-py==0.35.*",
+    "pylibcugraph==24.2.*",
+    "raft-dask==24.2.*",
+    "rmm==24.2.*",
+    "ucx-py==0.36.*",
 ] # This list was generated by `rapids-dependency-file-generator`. To make changes, edit ../../dependencies.yaml and run `rapids-dependency-file-generator`.
 classifiers = [
     "Intended Audience :: Developers",
diff --git a/python/nx-cugraph/_nx_cugraph/__init__.py b/python/nx-cugraph/_nx_cugraph/__init__.py
index 26638d1e735..2e5a16aa445 100644
--- a/python/nx-cugraph/_nx_cugraph/__init__.py
+++ b/python/nx-cugraph/_nx_cugraph/__init__.py
@@ -24,7 +24,7 @@
     "backend_name": "cugraph",
     "project": "nx-cugraph",
     "package": "nx_cugraph",
-    "url": "https://github.com/rapidsai/cugraph/tree/branch-23.12/python/nx-cugraph",
+    "url": "https://github.com/rapidsai/cugraph/tree/branch-24.02/python/nx-cugraph",
     "short_summary": "GPU-accelerated backend.",
     # "description": "TODO",
     "functions": {
@@ -137,7 +137,7 @@ def get_info():
 
 
 # FIXME: can this use the standard VERSION file and update mechanism?
-__version__ = "23.12.00"
+__version__ = "24.02.00"
 
 if __name__ == "__main__":
     from pathlib import Path
diff --git a/python/nx-cugraph/pyproject.toml b/python/nx-cugraph/pyproject.toml
index f309f4797a7..b29578b036f 100644
--- a/python/nx-cugraph/pyproject.toml
+++ b/python/nx-cugraph/pyproject.toml
@@ -33,7 +33,7 @@ dependencies = [
     "cupy-cuda11x>=12.0.0",
     "networkx>=3.0",
     "numpy>=1.21",
-    "pylibcugraph==23.12.*",
+    "pylibcugraph==24.2.*",
 ] # This list was generated by `rapids-dependency-file-generator`. To make changes, edit ../../dependencies.yaml and run `rapids-dependency-file-generator`.
 
 [project.optional-dependencies]
diff --git a/python/pylibcugraph/CMakeLists.txt b/python/pylibcugraph/CMakeLists.txt
index 057f30ef3ad..7d5dc790ad0 100644
--- a/python/pylibcugraph/CMakeLists.txt
+++ b/python/pylibcugraph/CMakeLists.txt
@@ -14,7 +14,7 @@
 
 cmake_minimum_required(VERSION 3.26.4 FATAL_ERROR)
 
-set(pylibcugraph_version 23.12.00)
+set(pylibcugraph_version 24.02.00)
 
 include(../../fetch_rapids.cmake)
 
diff --git a/python/pylibcugraph/pyproject.toml b/python/pylibcugraph/pyproject.toml
index 96f5ec84efb..0f2d742e7c5 100644
--- a/python/pylibcugraph/pyproject.toml
+++ b/python/pylibcugraph/pyproject.toml
@@ -6,8 +6,8 @@ requires = [
     "cmake>=3.26.4",
     "cython>=3.0.0",
     "ninja",
-    "pylibraft==23.12.*",
-    "rmm==23.12.*",
+    "pylibraft==24.2.*",
+    "rmm==24.2.*",
     "scikit-build>=0.13.1",
     "setuptools>=61.0.0",
     "wheel",
@@ -28,8 +28,8 @@ authors = [
 license = { text = "Apache 2.0" }
 requires-python = ">=3.9"
 dependencies = [
-    "pylibraft==23.12.*",
-    "rmm==23.12.*",
+    "pylibraft==24.2.*",
+    "rmm==24.2.*",
 ] # This list was generated by `rapids-dependency-file-generator`. To make changes, edit ../../dependencies.yaml and run `rapids-dependency-file-generator`.
 classifiers = [
     "Intended Audience :: Developers",
@@ -40,7 +40,7 @@ classifiers = [
 
 [project.optional-dependencies]
 test = [
-    "cudf==23.12.*",
+    "cudf==24.2.*",
     "numpy>=1.21",
     "pandas",
     "pytest",