diff --git a/luxonis_ml/__init__.py b/luxonis_ml/__init__.py
index 3d26edf7..3d187266 100644
--- a/luxonis_ml/__init__.py
+++ b/luxonis_ml/__init__.py
@@ -1 +1 @@
-__version__ = "0.4.1"
+__version__ = "0.5.0"