diff --git a/data-prepper-api/src/main/java/org/opensearch/dataprepper/model/configuration/DataPrepperVersion.java b/data-prepper-api/src/main/java/org/opensearch/dataprepper/model/configuration/DataPrepperVersion.java
index da063fe348..64cad0c593 100644
--- a/data-prepper-api/src/main/java/org/opensearch/dataprepper/model/configuration/DataPrepperVersion.java
+++ b/data-prepper-api/src/main/java/org/opensearch/dataprepper/model/configuration/DataPrepperVersion.java
@@ -6,7 +6,7 @@
 import java.util.regex.Pattern;
 
 public class DataPrepperVersion {
-    private static final String CURRENT_VERSION = "2.6";
+    private static final String CURRENT_VERSION = "2.7";
 
     private static final String FULL_FORMAT = "%d.%d";
     private static final String SHORTHAND_FORMAT = "%d";
diff --git a/gradle.properties b/gradle.properties
index e6fb6c1d17..1193cb77c0 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -5,5 +5,5 @@
 
 # ATTENTION: If you are changing the version, please change the DataPrepperVersion whenever the major or minor version changes.
 # See: https://github.com/opensearch-project/data-prepper/blob/main/data-prepper-api/src/main/java/org/opensearch/dataprepper/model/configuration/DataPrepperVersion.java#L9
-version=2.6.0-SNAPSHOT
+version=2.7.0-SNAPSHOT
 org.gradle.jvmargs=-Xmx2048M