diff --git a/VERSION b/VERSION
index 4ef2eb08..9b0025a7 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.39.0
+0.40.0
diff --git a/panther_analysis_tool/constants.py b/panther_analysis_tool/constants.py
index 79fa3f06..3b795f0e 100644
--- a/panther_analysis_tool/constants.py
+++ b/panther_analysis_tool/constants.py
@@ -19,7 +19,7 @@
 
 PACKAGE_NAME: Final = "panther_analysis_tool"
 
-VERSION_STRING: Final = "0.39.0"
+VERSION_STRING: Final = "0.40.0"
 
 CONFIG_FILE = ".panther_settings.yml"
 DATA_MODEL_LOCATION = "./data_models"