diff --git a/keras/src/version.py b/keras/src/version.py
index 73e314d4106..caa3b668a0e 100644
--- a/keras/src/version.py
+++ b/keras/src/version.py
@@ -1,7 +1,7 @@
 from keras.src.api_export import keras_export
 
 # Unique source of truth for the version number.
-__version__ = "3.4.1"
+__version__ = "3.5.0"
 
 
 @keras_export("keras.version")