diff --git a/README.md b/README.md
index ee4dd5ca..1e1b59a9 100644
--- a/README.md
+++ b/README.md
@@ -5,7 +5,7 @@ AutoRound
 <h3> Advanced Weight-Only Quantization Algorithm for LLMs</h3>
 
 [![python](https://img.shields.io/badge/python-3.8%2B-blue)](https://github.com/intel/auto-round)
-[![version](https://img.shields.io/badge/release-0.1-green)](https://github.com/intel/auto-round)
+[![version](https://img.shields.io/badge/release-0.2-green)](https://github.com/intel/auto-round)
 [![license](https://img.shields.io/badge/license-Apache%202-blue)](https://github.com/intel/auto-round/blob/main/LICENSE)
 ---
 <div align="left">
diff --git a/auto_round/version.py b/auto_round/version.py
index 952b12d4..69824212 100644
--- a/auto_round/version.py
+++ b/auto_round/version.py
@@ -14,4 +14,4 @@
 """Intel® auto-round: An open-source Python library
 supporting popular model weight only compression based on signround."""
 
-__version__ = "0.1"
+__version__ = "0.2"