diff --git a/cpp/CMakeLists.txt b/cpp/CMakeLists.txt
index 10e8dff551c..d6ec51f4cfa 100644
--- a/cpp/CMakeLists.txt
+++ b/cpp/CMakeLists.txt
@@ -31,7 +31,7 @@ include(rapids-find)
 
 rapids_cuda_init_architectures(CUGRAPH)
 
-project(CUGRAPH VERSION 21.08.01 LANGUAGES C CXX CUDA)
+project(CUGRAPH VERSION 21.08.02 LANGUAGES C CXX CUDA)
 
 # Remove the following archs from CMAKE_CUDA_ARCHITECTURES that
 # cuhornet currently doesn't support
diff --git a/docs/cugraph/source/conf.py b/docs/cugraph/source/conf.py
index e570fa56cb4..98b3aeec524 100644
--- a/docs/cugraph/source/conf.py
+++ b/docs/cugraph/source/conf.py
@@ -82,7 +82,7 @@
 # The short X.Y version.
 version = '21.08'
 # The full version, including alpha/beta/rc tags.
-release = '21.08.01'
+release = '21.08.02'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.