diff --git a/README.md b/README.md
index 4aa5bf9cf..3e410e0cc 100644
--- a/README.md
+++ b/README.md
@@ -3,7 +3,7 @@
 FLORIS is a controls-focused wind farm simulation software incorporating
 steady-state engineering wake models into a performance-focused Python
 framework. It has been in active development at NREL since 2013 and the latest
-release is [FLORIS v3.4.1](https://github.com/NREL/floris/releases/latest).
+release is [FLORIS v3.5](https://github.com/NREL/floris/releases/latest).
 Online documentation is available at https://nrel.github.io/floris.
 
 The software is in active development and engagement with the development team
@@ -71,7 +71,7 @@ and importing FLORIS:
         version
 
     VERSION
-        3.4
+        3.5
 
     FILE
         ~/floris/floris/__init__.py
diff --git a/floris/version.py b/floris/version.py
index 47b322c97..5a958026d 100644
--- a/floris/version.py
+++ b/floris/version.py
@@ -1 +1 @@
-3.4.1
+3.5