diff --git a/VERSION b/VERSION
index 3edc3393..dce0bb22 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-3.1.0-rc2
+3.1.0-rc3
diff --git a/cmd/constants.go b/cmd/constants.go
index 5fc84efd..15010aef 100644
--- a/cmd/constants.go
+++ b/cmd/constants.go
@@ -13,7 +13,7 @@ package cmd
 
 const (
 	// AppVersion is the current version of the app
-	AppVersion = "3.1.0-rc2"
+	AppVersion = "3.1.0-rc3"
 
 	// AppName is the name of the application to use in logging / places that require the artifact
 	AppName = "snowbridge"