diff --git a/VERSION b/VERSION
index 3c6c5e2b706..e62779b031b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-24.02.00
+24.02.01
diff --git a/cpp/CMakeLists.txt b/cpp/CMakeLists.txt
index 3925ac55d6b..460142d9394 100644
--- a/cpp/CMakeLists.txt
+++ b/cpp/CMakeLists.txt
@@ -25,7 +25,7 @@ rapids_cuda_init_architectures(CUDF)
 
 project(
   CUDF
-  VERSION 24.02.00
+  VERSION 24.02.01
   LANGUAGES C CXX CUDA
 )
 if(CMAKE_CUDA_COMPILER_ID STREQUAL "NVIDIA" AND CMAKE_CUDA_COMPILER_VERSION VERSION_LESS 11.5)
diff --git a/cpp/doxygen/Doxyfile b/cpp/doxygen/Doxyfile
index 4333699d1f6..6378282d7c1 100644
--- a/cpp/doxygen/Doxyfile
+++ b/cpp/doxygen/Doxyfile
@@ -38,7 +38,7 @@ PROJECT_NAME           = libcudf
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 24.02.00
+PROJECT_NUMBER         = 24.02.01
 
 # 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/libcudf_kafka/CMakeLists.txt b/cpp/libcudf_kafka/CMakeLists.txt
index e31f6bd4096..694b3832961 100644
--- a/cpp/libcudf_kafka/CMakeLists.txt
+++ b/cpp/libcudf_kafka/CMakeLists.txt
@@ -22,7 +22,7 @@ include(rapids-find)
 
 project(
   CUDF_KAFKA
-  VERSION 24.02.00
+  VERSION 24.02.01
   LANGUAGES CXX
 )
 
diff --git a/docs/cudf/source/conf.py b/docs/cudf/source/conf.py
index 685011b82d1..b7e9247c535 100644
--- a/docs/cudf/source/conf.py
+++ b/docs/cudf/source/conf.py
@@ -171,7 +171,7 @@ def clean_all_xml_files(path):
 # The short X.Y version.
 version = '24.02'
 # The full version, including alpha/beta/rc tags.
-release = '24.02.00'
+release = '24.02.01'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/docs/dask_cudf/source/conf.py b/docs/dask_cudf/source/conf.py
index daffe941963..31c0325b4c3 100644
--- a/docs/dask_cudf/source/conf.py
+++ b/docs/dask_cudf/source/conf.py
@@ -12,7 +12,7 @@
 copyright = "2018-2023, NVIDIA Corporation"
 author = "NVIDIA Corporation"
 version = '24.02'
-release = '24.02.00'
+release = '24.02.01'
 
 language = "en"
 
diff --git a/java/ci/README.md b/java/ci/README.md
index f31c950c517..517ebd12946 100644
--- a/java/ci/README.md
+++ b/java/ci/README.md
@@ -47,4 +47,4 @@ scl enable devtoolset-11 "java/ci/build-in-docker.sh"
 
 ### The output
 
-You can find the cuDF jar in java/target/ like cudf-24.02.0-SNAPSHOT-cuda11.jar.
+You can find the cuDF jar in java/target/ like cudf-24.02.1-SNAPSHOT-cuda11.jar.
diff --git a/java/pom.xml b/java/pom.xml
index ebc5c968836..29ce4ed203b 100644
--- a/java/pom.xml
+++ b/java/pom.xml
@@ -21,7 +21,7 @@
 
     <groupId>ai.rapids</groupId>
     <artifactId>cudf</artifactId>
-    <version>24.02.0-SNAPSHOT</version>
+    <version>24.02.1-SNAPSHOT</version>
 
     <name>cudfjni</name>
     <description>
diff --git a/java/src/main/native/CMakeLists.txt b/java/src/main/native/CMakeLists.txt
index 1853cbd6a5c..d62cd19fd1b 100644
--- a/java/src/main/native/CMakeLists.txt
+++ b/java/src/main/native/CMakeLists.txt
@@ -28,7 +28,7 @@ rapids_cuda_init_architectures(CUDF_JNI)
 
 project(
   CUDF_JNI
-  VERSION 24.02.00
+  VERSION 24.02.01
   LANGUAGES C CXX CUDA
 )
 
diff --git a/python/cudf/CMakeLists.txt b/python/cudf/CMakeLists.txt
index b3e1f13ab85..f1d75006aaa 100644
--- a/python/cudf/CMakeLists.txt
+++ b/python/cudf/CMakeLists.txt
@@ -14,7 +14,7 @@
 
 cmake_minimum_required(VERSION 3.26.4 FATAL_ERROR)
 
-set(cudf_version 24.02.00)
+set(cudf_version 24.02.01)
 
 include(../../fetch_rapids.cmake)
 include(rapids-cuda)
diff --git a/python/cudf_kafka/CMakeLists.txt b/python/cudf_kafka/CMakeLists.txt
index 116bc7a3beb..8b2caca9e8a 100644
--- a/python/cudf_kafka/CMakeLists.txt
+++ b/python/cudf_kafka/CMakeLists.txt
@@ -14,7 +14,7 @@
 
 cmake_minimum_required(VERSION 3.26.4 FATAL_ERROR)
 
-set(cudf_kafka_version 24.02.00)
+set(cudf_kafka_version 24.02.01)
 
 include(../../fetch_rapids.cmake)