diff --git a/R/rdeephaven/DESCRIPTION b/R/rdeephaven/DESCRIPTION
index 99188c3bdaa..42cfac130e0 100644
--- a/R/rdeephaven/DESCRIPTION
+++ b/R/rdeephaven/DESCRIPTION
@@ -1,7 +1,7 @@
 Package: rdeephaven
 Type: Package
 Title: R Client for Deephaven Core
-Version: 0.37.0
+Version: 0.38.0
 Date: 2023-05-12
 Author: Deephaven Data Labs
 Maintainer: Alex Peters <alexpeters@deephaven.io>
diff --git a/cpp-client/deephaven/CMakeLists.txt b/cpp-client/deephaven/CMakeLists.txt
index 32e7b5fabe5..0cdddc47491 100644
--- a/cpp-client/deephaven/CMakeLists.txt
+++ b/cpp-client/deephaven/CMakeLists.txt
@@ -8,7 +8,7 @@ endif()
 
 project(deephaven)
 
-set(deephaven_VERSION 0.37.0)
+set(deephaven_VERSION 0.38.0)
 set(CMAKE_CXX_STANDARD 17)
 
 # for CMAKE_INSTALL_{dir}
diff --git a/gradle.properties b/gradle.properties
index e03001083f8..3171dbc9ea4 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -9,7 +9,7 @@
 # Re-builders who want to inherit the base version, but have their own qualifier can set -PdeephavenBaseQualifier="customQualifier": "X.Y.Z-customQualifier".
 #
 # Re-builders who want a fully custom version can set -PdeephavenBaseVersion="customVersion" -PdeephavenBaseQualifier="": "customVersion".
-deephavenBaseVersion=0.37.0
+deephavenBaseVersion=0.38.0
 deephavenBaseQualifier=SNAPSHOT
 
 #org.gradle.debug
diff --git a/py/client-ticking/README.md b/py/client-ticking/README.md
index 6d3e50ba8ed..3739e23f565 100644
--- a/py/client-ticking/README.md
+++ b/py/client-ticking/README.md
@@ -100,7 +100,7 @@ cd %DHSRC%\py\client-ticking
 rem Ensure we clean the remnants of any pre-existing build.
 rmdir build dist /s /q
 rem replace the value below to the version you are building
-set DEEPHAVEN_VERSION=0.37.0-SNAPSHOT
+set DEEPHAVEN_VERSION=0.38.0-SNAPSHOT
 python setup.py build_ext -i
 ```