diff --git a/modin/__init__.py b/modin/__init__.py
index 3dc1f76bc69..485f44ac21b 100644
--- a/modin/__init__.py
+++ b/modin/__init__.py
@@ -1 +1 @@
-__version__ = "0.1.0"
+__version__ = "0.1.1"
diff --git a/setup.py b/setup.py
index 3aebe120cc0..d0c2261ec71 100644
--- a/setup.py
+++ b/setup.py
@@ -7,7 +7,7 @@
 
 setup(
     name="modin",
-    version="0.1.0",
+    version="0.1.1",
     description="Modin: Pandas on Ray - Make your pandas code run faster with "
                 "a single line of code change.",
     packages=find_packages(),