diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 6230785ec..3e61f4c30 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,7 +1,7 @@
 Changelog
 =========
 
-v34.7.2 (unreleased)
+v34.8.0 (2024-08-15)
 --------------------
 
 - Add a new ``enrich_with_purldb`` add-on pipeline to enrich the discovered packages
diff --git a/scancodeio/__init__.py b/scancodeio/__init__.py
index 2d2984359..12d38217f 100644
--- a/scancodeio/__init__.py
+++ b/scancodeio/__init__.py
@@ -28,7 +28,7 @@
 
 import git
 
-VERSION = "34.7.1"
+VERSION = "34.8.0"
 
 PROJECT_DIR = Path(__file__).resolve().parent
 ROOT_DIR = PROJECT_DIR.parent
diff --git a/setup.cfg b/setup.cfg
index ffbfd68fe..63bc86982 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = scancodeio
-version = 34.7.1
+version = 34.8.0
 license = Apache-2.0
 description = Automate software composition analysis pipelines
 long_description = file:README.rst
@@ -150,7 +150,7 @@ scancodeio_pipelines =
 
 [bumpver]
 version_pattern = "MAJOR.MINOR.PATCH"
-current_version = "34.7.1"
+current_version = "34.8.0"
 
 [bumpver:file_patterns]
 setup.cfg =