diff --git a/mindmeld/_version.py b/mindmeld/_version.py
index 444631344..8c7ddd617 100644
--- a/mindmeld/_version.py
+++ b/mindmeld/_version.py
@@ -14,7 +14,7 @@
 """Defines mindmeld version information"""
 from __future__ import absolute_import, unicode_literals
 
-current = "4.6.2"
+current = "4.7.0rc1"
 
 
 def get_mm_version():
diff --git a/setup.cfg b/setup.cfg
index 381840ba4..4d1d95b8e 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.6.2
+current_version = 4.7.0rc1
 commit = False
 tag = False
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)((?P<release>[a-z]+)(?P<revision>\d+)?)?
diff --git a/setup.py b/setup.py
index c631edf9b..462c8089a 100644
--- a/setup.py
+++ b/setup.py
@@ -61,7 +61,7 @@
 
 setup(
     name="mindmeld",
-    version="4.6.2",
+    version="4.7.0rc1",
     description="A Conversational AI platform.",
     long_description=readme,
     long_description_content_type="text/markdown",