diff --git a/cognite/client/_version.py b/cognite/client/_version.py
index c28b09ff7c..74a9eb1c97 100644
--- a/cognite/client/_version.py
+++ b/cognite/client/_version.py
@@ -1,5 +1,5 @@
 from __future__ import annotations
 
-__version__ = "8.0.0b2"  # x-release-please-version
+__version__ = "8.0.0rc1"  # x-release-please-version
 
 __api_subversion__ = "20230101"
diff --git a/pyproject.toml b/pyproject.toml
index a5b38c9f7c..736f90b788 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "cognite-sdk"
-version = "8.0.0b2"
+version = "8.0.0rc1"
 
 description = "Cognite Python SDK"
 readme = "README.md"