diff --git a/setup.py b/setup.py
index 7327dcd..c7a0938 100644
--- a/setup.py
+++ b/setup.py
@@ -69,7 +69,7 @@ def build_cmake(self, ext):
 
 setup(
     name="intel_npu_acceleration_library",
-    version="v1.0.0",
+    version="v1.1.0",
     packages=[
         "intel_npu_acceleration_library",
         "intel_npu_acceleration_library.backend",