diff --git a/include/decord/runtime/c_runtime_api.h b/include/decord/runtime/c_runtime_api.h
index 0891d28..009d838 100644
--- a/include/decord/runtime/c_runtime_api.h
+++ b/include/decord/runtime/c_runtime_api.h
@@ -43,7 +43,7 @@
 #endif
 
 // DECORD version
-#define DECORD_VERSION "0.0.1"
+#define DECORD_VERSION "0.2.0"
 
 
 // DECORD Runtime is DLPack compatible.
diff --git a/python/decord/_ffi/libinfo.py b/python/decord/_ffi/libinfo.py
index 9cc7d74..2db53af 100644
--- a/python/decord/_ffi/libinfo.py
+++ b/python/decord/_ffi/libinfo.py
@@ -87,4 +87,4 @@ def find_lib_path(name=None, search_path=None, optional=False):
 # We use the version of the incoming release for code
 # that is under development.
 # The following line is set by decord/python/update_version.py
-__version__ = "0.0.1"
+__version__ = "0.2.0"
diff --git a/src/runtime/file_util.cc b/src/runtime/file_util.cc
index dcf254e..9ec9ca8 100644
--- a/src/runtime/file_util.cc
+++ b/src/runtime/file_util.cc
@@ -117,7 +117,7 @@ void SaveBinaryToFile(
 void SaveMetaDataToFile(
     const std::string& file_name,
     const std::unordered_map<std::string, FunctionInfo>& fmap) {
-  std::string version = "0.1.0";
+  std::string version = "0.2.0";
   std::ofstream fs(file_name.c_str());
   CHECK(!fs.fail()) << "Cannot open file " << file_name;
   dmlc::JSONWriter writer(&fs);
diff --git a/tools/update_version.py b/tools/update_version.py
index bef80af..afb9bea 100644
--- a/tools/update_version.py
+++ b/tools/update_version.py
@@ -10,7 +10,7 @@
 # current version
 # We use the version of the incoming release for code
 # that is under development
-__version__ = "0.0.1"
+__version__ = "0.2.0"
 
 # Implementations
 def update(file_name, pattern, repl):