diff --git a/common/pom.xml b/common/pom.xml
index af15a1c6297d..9ccecc66b5f5 100644
--- a/common/pom.xml
+++ b/common/pom.xml
@@ -18,7 +18,7 @@
   <parent>
     <artifactId>platform</artifactId>
     <groupId>org.open-metadata</groupId>
-    <version>1.5.0</version>
+    <version>1.5.0-rc2</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
   <properties>
diff --git a/docker/docker-compose-ingestion/docker-compose-ingestion.yml b/docker/docker-compose-ingestion/docker-compose-ingestion.yml
index 1f8ab6bb9f16..d62f6a0e64bf 100644
--- a/docker/docker-compose-ingestion/docker-compose-ingestion.yml
+++ b/docker/docker-compose-ingestion/docker-compose-ingestion.yml
@@ -18,7 +18,7 @@ volumes:
 services:  
   ingestion:
     container_name: openmetadata_ingestion
-    image: docker.getcollate.io/openmetadata/ingestion:1.5.0
+    image: docker.getcollate.io/openmetadata/ingestion:1.5.0-rc2
     environment:
       AIRFLOW__API__AUTH_BACKENDS: "airflow.api.auth.backend.basic_auth,airflow.api.auth.backend.session"
       AIRFLOW__CORE__EXECUTOR: LocalExecutor
diff --git a/docker/docker-compose-openmetadata/docker-compose-openmetadata.yml b/docker/docker-compose-openmetadata/docker-compose-openmetadata.yml
index 53d3f09e8d0b..e6a33654a5e5 100644
--- a/docker/docker-compose-openmetadata/docker-compose-openmetadata.yml
+++ b/docker/docker-compose-openmetadata/docker-compose-openmetadata.yml
@@ -14,7 +14,7 @@ services:
   execute-migrate-all:
     container_name: execute_migrate_all
     command: "./bootstrap/openmetadata-ops.sh migrate"
-    image: docker.getcollate.io/openmetadata/server:1.5.0
+    image: docker.getcollate.io/openmetadata/server:1.5.0-rc2
     environment:
       OPENMETADATA_CLUSTER_NAME: ${OPENMETADATA_CLUSTER_NAME:-openmetadata}
       SERVER_PORT: ${SERVER_PORT:-8585}
@@ -227,7 +227,7 @@ services:
   openmetadata-server:
     container_name: openmetadata_server
     restart: always
-    image: docker.getcollate.io/openmetadata/server:1.5.0
+    image: docker.getcollate.io/openmetadata/server:1.5.0-rc2
     environment:
       OPENMETADATA_CLUSTER_NAME: ${OPENMETADATA_CLUSTER_NAME:-openmetadata}
       SERVER_PORT: ${SERVER_PORT:-8585}
diff --git a/docker/docker-compose-quickstart/Dockerfile b/docker/docker-compose-quickstart/Dockerfile
index 0c0c69d84e0a..37362c426f56 100644
--- a/docker/docker-compose-quickstart/Dockerfile
+++ b/docker/docker-compose-quickstart/Dockerfile
@@ -11,7 +11,7 @@
 
 # Build stage
 FROM alpine:3 AS build
-ARG RI_VERSION="1.5.0"
+ARG RI_VERSION="1.5.0-rc2"
 ENV RELEASE_URL="https://github.com/open-metadata/OpenMetadata/releases/download/${RI_VERSION}-release/openmetadata-${RI_VERSION}.tar.gz"
 
 RUN mkdir -p /opt/openmetadata && \
@@ -21,7 +21,7 @@ RUN mkdir -p /opt/openmetadata && \
 
 # Final stage
 FROM alpine:3
-ARG RI_VERSION="1.5.0"
+ARG RI_VERSION="1.5.0-rc2"
 ARG BUILD_DATE
 ARG COMMIT_ID
 LABEL maintainer="OpenMetadata"
diff --git a/docker/docker-compose-quickstart/docker-compose-postgres.yml b/docker/docker-compose-quickstart/docker-compose-postgres.yml
index 11308f92b8bd..516bd39f31a8 100644
--- a/docker/docker-compose-quickstart/docker-compose-postgres.yml
+++ b/docker/docker-compose-quickstart/docker-compose-postgres.yml
@@ -18,7 +18,7 @@ volumes:
 services:
   postgresql:
     container_name: openmetadata_postgresql
-    image: docker.getcollate.io/openmetadata/postgresql:1.5.0
+    image: docker.getcollate.io/openmetadata/postgresql:1.5.0-rc2
     restart: always
     command: "--work_mem=10MB"
     environment:
@@ -61,7 +61,7 @@ services:
 
   execute-migrate-all:
     container_name: execute_migrate_all
-    image: docker.getcollate.io/openmetadata/server:1.5.0
+    image: docker.getcollate.io/openmetadata/server:1.5.0-rc2
     command: "./bootstrap/openmetadata-ops.sh migrate"
     environment:
       OPENMETADATA_CLUSTER_NAME: ${OPENMETADATA_CLUSTER_NAME:-openmetadata}
@@ -275,7 +275,7 @@ services:
   openmetadata-server:
     container_name: openmetadata_server
     restart: always
-    image: docker.getcollate.io/openmetadata/server:1.5.0
+    image: docker.getcollate.io/openmetadata/server:1.5.0-rc2
     environment:
       OPENMETADATA_CLUSTER_NAME: ${OPENMETADATA_CLUSTER_NAME:-openmetadata}
       SERVER_PORT: ${SERVER_PORT:-8585}
@@ -483,7 +483,7 @@ services:
 
   ingestion:
     container_name: openmetadata_ingestion
-    image: docker.getcollate.io/openmetadata/ingestion:1.5.0
+    image: docker.getcollate.io/openmetadata/ingestion:1.5.0-rc2
     depends_on:
       elasticsearch:
         condition: service_started
diff --git a/docker/docker-compose-quickstart/docker-compose.yml b/docker/docker-compose-quickstart/docker-compose.yml
index 8e0d2d843f3e..8cad37683012 100644
--- a/docker/docker-compose-quickstart/docker-compose.yml
+++ b/docker/docker-compose-quickstart/docker-compose.yml
@@ -18,7 +18,7 @@ volumes:
 services:
   mysql:
     container_name: openmetadata_mysql
-    image: docker.getcollate.io/openmetadata/db:1.5.0
+    image: docker.getcollate.io/openmetadata/db:1.5.0-rc2
     command: "--sort_buffer_size=10M"
     restart: always
     environment:
@@ -59,7 +59,7 @@ services:
 
   execute-migrate-all:
     container_name: execute_migrate_all
-    image: docker.getcollate.io/openmetadata/server:1.5.0
+    image: docker.getcollate.io/openmetadata/server:1.5.0-rc2
     command: "./bootstrap/openmetadata-ops.sh migrate"
     environment:
       OPENMETADATA_CLUSTER_NAME: ${OPENMETADATA_CLUSTER_NAME:-openmetadata}
@@ -273,7 +273,7 @@ services:
   openmetadata-server:
     container_name: openmetadata_server
     restart: always
-    image: docker.getcollate.io/openmetadata/server:1.5.0
+    image: docker.getcollate.io/openmetadata/server:1.5.0-rc2
     environment:
       OPENMETADATA_CLUSTER_NAME: ${OPENMETADATA_CLUSTER_NAME:-openmetadata}
       SERVER_PORT: ${SERVER_PORT:-8585}
@@ -482,7 +482,7 @@ services:
 
   ingestion:
     container_name: openmetadata_ingestion
-    image: docker.getcollate.io/openmetadata/ingestion:1.5.0
+    image: docker.getcollate.io/openmetadata/ingestion:1.5.0-rc2
     depends_on:
       elasticsearch:
         condition: service_started
diff --git a/ingestion/Dockerfile b/ingestion/Dockerfile
index 2e072743305f..a7444d4965da 100644
--- a/ingestion/Dockerfile
+++ b/ingestion/Dockerfile
@@ -76,7 +76,7 @@ ARG INGESTION_DEPENDENCY="all"
 ENV PIP_NO_CACHE_DIR=1
 # Make pip silent
 ENV PIP_QUIET=1
-ARG RI_VERSION="1.5.0.0"
+ARG RI_VERSION="1.5.0.0rc2"
 RUN pip install --upgrade pip
 RUN pip install "openmetadata-managed-apis~=${RI_VERSION}" --constraint "https://raw.githubusercontent.com/apache/airflow/constraints-2.9.1/constraints-3.10.txt"
 RUN pip install "openmetadata-ingestion[${INGESTION_DEPENDENCY}]~=${RI_VERSION}"
diff --git a/ingestion/operators/docker/Dockerfile b/ingestion/operators/docker/Dockerfile
index 2bb7e98f0cbb..032483079d0e 100644
--- a/ingestion/operators/docker/Dockerfile
+++ b/ingestion/operators/docker/Dockerfile
@@ -81,7 +81,7 @@ ENV PIP_QUIET=1
 RUN pip install --upgrade pip
 
 ARG INGESTION_DEPENDENCY="all"
-ARG RI_VERSION="1.5.0.0"
+ARG RI_VERSION="1.5.0.0rc2"
 RUN pip install --upgrade pip
 RUN pip install "openmetadata-ingestion[airflow]~=${RI_VERSION}"
 RUN pip install "openmetadata-ingestion[${INGESTION_DEPENDENCY}]~=${RI_VERSION}"
diff --git a/ingestion/pyproject.toml b/ingestion/pyproject.toml
index 776be2e9d9b5..82bfbd68270a 100644
--- a/ingestion/pyproject.toml
+++ b/ingestion/pyproject.toml
@@ -6,7 +6,7 @@ build-backend = "setuptools.build_meta"
 # since it helps us organize and isolate version management
 [project]
 name = "openmetadata-ingestion"
-version = "1.5.0.0"
+version = "1.5.0.0rc2"
 dynamic = ["readme", "dependencies", "optional-dependencies"]
 authors = [
     { name = "OpenMetadata Committers" }
diff --git a/openmetadata-airflow-apis/pyproject.toml b/openmetadata-airflow-apis/pyproject.toml
index b450a689fe07..ee97a83d0ff9 100644
--- a/openmetadata-airflow-apis/pyproject.toml
+++ b/openmetadata-airflow-apis/pyproject.toml
@@ -6,7 +6,7 @@ build-backend = "setuptools.build_meta"
 # since it helps us organize and isolate version management
 [project]
 name = "openmetadata_managed_apis"
-version = "1.5.0.0"
+version = "1.5.0.0rc2"
 readme = "README.md"
 authors = [
     {name = "OpenMetadata Committers"}
diff --git a/openmetadata-clients/openmetadata-java-client/pom.xml b/openmetadata-clients/openmetadata-java-client/pom.xml
index d0f343dd7d18..372d348325a9 100644
--- a/openmetadata-clients/openmetadata-java-client/pom.xml
+++ b/openmetadata-clients/openmetadata-java-client/pom.xml
@@ -5,7 +5,7 @@
     <parent>
         <artifactId>openmetadata-clients</artifactId>
         <groupId>org.open-metadata</groupId>
-        <version>1.5.0</version>
+        <version>1.5.0-rc2</version>
     </parent>
     <modelVersion>4.0.0</modelVersion>
 
diff --git a/openmetadata-clients/pom.xml b/openmetadata-clients/pom.xml
index 18dfcd9516ab..dddef4f9d771 100644
--- a/openmetadata-clients/pom.xml
+++ b/openmetadata-clients/pom.xml
@@ -5,7 +5,7 @@
     <parent>
         <artifactId>platform</artifactId>
         <groupId>org.open-metadata</groupId>
-        <version>1.5.0</version>
+        <version>1.5.0-rc2</version>
     </parent>
     <modelVersion>4.0.0</modelVersion>
 
diff --git a/openmetadata-dist/pom.xml b/openmetadata-dist/pom.xml
index f20e2ed8c091..94caf1e30e32 100644
--- a/openmetadata-dist/pom.xml
+++ b/openmetadata-dist/pom.xml
@@ -20,7 +20,7 @@
   <parent>
     <artifactId>platform</artifactId>
     <groupId>org.open-metadata</groupId>
-    <version>1.5.0</version>
+    <version>1.5.0-rc2</version>
   </parent>
 
   <artifactId>openmetadata-dist</artifactId>
diff --git a/openmetadata-service/pom.xml b/openmetadata-service/pom.xml
index 666c02a2d21f..bd3bc242e06a 100644
--- a/openmetadata-service/pom.xml
+++ b/openmetadata-service/pom.xml
@@ -5,7 +5,7 @@
   <parent>
     <artifactId>platform</artifactId>
     <groupId>org.open-metadata</groupId>
-    <version>1.5.0</version>
+    <version>1.5.0-rc2</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
   <artifactId>openmetadata-service</artifactId>
diff --git a/openmetadata-shaded-deps/elasticsearch-dep/pom.xml b/openmetadata-shaded-deps/elasticsearch-dep/pom.xml
index 43a0001ec97e..5bf853744b68 100644
--- a/openmetadata-shaded-deps/elasticsearch-dep/pom.xml
+++ b/openmetadata-shaded-deps/elasticsearch-dep/pom.xml
@@ -5,7 +5,7 @@
     <parent>
         <artifactId>openmetadata-shaded-deps</artifactId>
         <groupId>org.open-metadata</groupId>
-        <version>1.5.0</version>
+        <version>1.5.0-rc2</version>
     </parent>
     <modelVersion>4.0.0</modelVersion>
     <artifactId>elasticsearch-deps</artifactId>
diff --git a/openmetadata-shaded-deps/opensearch-dep/pom.xml b/openmetadata-shaded-deps/opensearch-dep/pom.xml
index d4214b646baa..c46cba0b79c3 100644
--- a/openmetadata-shaded-deps/opensearch-dep/pom.xml
+++ b/openmetadata-shaded-deps/opensearch-dep/pom.xml
@@ -5,7 +5,7 @@
     <parent>
         <artifactId>openmetadata-shaded-deps</artifactId>
         <groupId>org.open-metadata</groupId>
-        <version>1.5.0</version>
+        <version>1.5.0-rc2</version>
     </parent>
     <modelVersion>4.0.0</modelVersion>
     <artifactId>opensearch-deps</artifactId>
diff --git a/openmetadata-shaded-deps/pom.xml b/openmetadata-shaded-deps/pom.xml
index cae09e01e4a3..98a577185f10 100644
--- a/openmetadata-shaded-deps/pom.xml
+++ b/openmetadata-shaded-deps/pom.xml
@@ -5,7 +5,7 @@
     <parent>
         <artifactId>platform</artifactId>
         <groupId>org.open-metadata</groupId>
-        <version>1.5.0</version>
+        <version>1.5.0-rc2</version>
     </parent>
     <modelVersion>4.0.0</modelVersion>
     <artifactId>openmetadata-shaded-deps</artifactId>
diff --git a/openmetadata-spec/pom.xml b/openmetadata-spec/pom.xml
index 61003fb432df..0e55b03ca70b 100644
--- a/openmetadata-spec/pom.xml
+++ b/openmetadata-spec/pom.xml
@@ -5,7 +5,7 @@
     <parent>
         <artifactId>platform</artifactId>
         <groupId>org.open-metadata</groupId>
-        <version>1.5.0</version>
+        <version>1.5.0-rc2</version>
     </parent>
     <modelVersion>4.0.0</modelVersion>
 
diff --git a/openmetadata-ui/pom.xml b/openmetadata-ui/pom.xml
index 61d03cbdec39..848345c0603a 100644
--- a/openmetadata-ui/pom.xml
+++ b/openmetadata-ui/pom.xml
@@ -5,7 +5,7 @@
   <parent>
     <artifactId>platform</artifactId>
     <groupId>org.open-metadata</groupId>
-    <version>1.5.0</version>
+    <version>1.5.0-rc2</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
 
diff --git a/pom.xml b/pom.xml
index 29a020df4781..5a5128cbedee 100644
--- a/pom.xml
+++ b/pom.xml
@@ -26,7 +26,7 @@
     based on Open Metadata Standards/APIs, supporting connectors to a wide range of data services,
     OpenMetadata enables end-to-end metadata management, giving you the freedom to unlock the value of your data assets.
   </description>
-  <version>1.5.0</version>
+  <version>1.5.0-rc2</version>
   <url>https://github.com/open-metadata/OpenMetadata</url>
   <modules>
     <module>openmetadata-spec</module>