diff --git a/Cargo.lock b/Cargo.lock
index a667da093cc..6774369a2b2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -411,7 +411,7 @@ checksum = "5b63caa9aa9397e2d9480a9b13673856c78d8ac123288526c37d7839f2a86990"
 
 [[package]]
 name = "cpu-template-helper"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 dependencies = [
  "clap",
  "displaydoc",
@@ -599,7 +599,7 @@ dependencies = [
 
 [[package]]
 name = "firecracker"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 dependencies = [
  "cargo_toml",
  "displaydoc",
@@ -804,7 +804,7 @@ checksum = "d75a2a4b1b190afb6f5425f10f6a8f959d2ea0b9c2b1d79553551850539e4674"
 
 [[package]]
 name = "jailer"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 dependencies = [
  "libc",
  "log-instrument",
@@ -1149,7 +1149,7 @@ dependencies = [
 
 [[package]]
 name = "rebase-snap"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 dependencies = [
  "displaydoc",
  "libc",
@@ -1224,7 +1224,7 @@ dependencies = [
 
 [[package]]
 name = "seccompiler"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 dependencies = [
  "bincode",
  "clap",
@@ -1303,7 +1303,7 @@ dependencies = [
 
 [[package]]
 name = "snapshot-editor"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 dependencies = [
  "clap",
  "clap-num",
diff --git a/src/cpu-template-helper/Cargo.toml b/src/cpu-template-helper/Cargo.toml
index d3266a49e4d..2a9e7f61efd 100644
--- a/src/cpu-template-helper/Cargo.toml
+++ b/src/cpu-template-helper/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cpu-template-helper"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 authors = ["Amazon Firecracker team <firecracker-devel@amazon.com>"]
 edition = "2021"
 license = "Apache-2.0"
diff --git a/src/firecracker/Cargo.toml b/src/firecracker/Cargo.toml
index 254725da377..29778af061d 100644
--- a/src/firecracker/Cargo.toml
+++ b/src/firecracker/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "firecracker"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 authors = ["Amazon Firecracker team <firecracker-devel@amazon.com>"]
 edition = "2021"
 build = "build.rs"
diff --git a/src/firecracker/swagger/firecracker.yaml b/src/firecracker/swagger/firecracker.yaml
index 20bad48bf64..de6d1e3da40 100644
--- a/src/firecracker/swagger/firecracker.yaml
+++ b/src/firecracker/swagger/firecracker.yaml
@@ -5,7 +5,7 @@ info:
     The API is accessible through HTTP calls on specific URLs
     carrying JSON modeled data.
     The transport medium is a Unix Domain Socket.
-  version: 1.11.0-dev
+  version: 1.12.0-dev
   termsOfService: ""
   contact:
     email: "compute-capsule@amazon.com"
diff --git a/src/jailer/Cargo.toml b/src/jailer/Cargo.toml
index 02cf94c4b3d..d3965c5070f 100644
--- a/src/jailer/Cargo.toml
+++ b/src/jailer/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "jailer"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 authors = ["Amazon Firecracker team <firecracker-devel@amazon.com>"]
 edition = "2021"
 description = "Process for starting Firecracker in production scenarios; applies a cgroup/namespace isolation barrier and then drops privileges."
diff --git a/src/rebase-snap/Cargo.toml b/src/rebase-snap/Cargo.toml
index 3edd60dd30e..b2d1dc4a90c 100644
--- a/src/rebase-snap/Cargo.toml
+++ b/src/rebase-snap/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "rebase-snap"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 authors = ["Amazon Firecracker team <firecracker-devel@amazon.com>"]
 edition = "2021"
 license = "Apache-2.0"
diff --git a/src/seccompiler/Cargo.toml b/src/seccompiler/Cargo.toml
index 2ce444191cf..d88d2722d51 100644
--- a/src/seccompiler/Cargo.toml
+++ b/src/seccompiler/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "seccompiler"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 authors = ["Amazon Firecracker team <firecracker-devel@amazon.com>"]
 edition = "2021"
 description = "Program that compiles multi-threaded seccomp-bpf filters expressed as JSON into raw BPF programs, serializing them and outputting them to a file."
diff --git a/src/snapshot-editor/Cargo.toml b/src/snapshot-editor/Cargo.toml
index b418c73e734..9d95dd721db 100644
--- a/src/snapshot-editor/Cargo.toml
+++ b/src/snapshot-editor/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "snapshot-editor"
-version = "1.11.0-dev"
+version = "1.12.0-dev"
 authors = ["Amazon Firecracker team <firecracker-devel@amazon.com>"]
 edition = "2021"
 license = "Apache-2.0"