diff --git a/package-lock.json b/package-lock.json
index 73dd3160e..5c91cd3a0 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@viamrobotics/sdk",
-  "version": "0.4.0",
+  "version": "0.5.0-rc.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@viamrobotics/sdk",
-      "version": "0.4.0",
+      "version": "0.5.0-rc.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@viamrobotics/rpc": "^0.1.37",
diff --git a/package.json b/package.json
index e87763e12..5fdaf0c8e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@viamrobotics/sdk",
-  "version": "0.4.0",
+  "version": "0.5.0-rc.0",
   "description": "",
   "main": "./dist/main.umd.js",
   "module": "./dist/main.es.js",