diff --git a/README.md b/README.md
index 5d44606d..9f6b30eb 100644
--- a/README.md
+++ b/README.md
@@ -4,7 +4,7 @@
 
 <h3 align="center">Build ML pipelines with only Python, run on your laptop, or in the cloud.</h3>
 
-![PyPI](https://img.shields.io/pypi/v/sematic/0.38.0?style=for-the-badge)
+![PyPI](https://img.shields.io/pypi/v/sematic/0.38.1?style=for-the-badge)
 [![CircleCI](https://img.shields.io/circleci/build/github/sematic-ai/sematic/main?label=CircleCI&style=for-the-badge&token=60d1953bfee5b6bf8201f8e84a10eaa5bf5622fe)](https://app.circleci.com/pipelines/github/sematic-ai/sematic?branch=main&filter=all)
 ![PyPI - License](https://img.shields.io/pypi/l/sematic?style=for-the-badge)
 [![Python 3.8](https://img.shields.io/badge/Python-3.8-blue?style=for-the-badge&logo=none)](https://python.org)
diff --git a/README.rst b/README.rst
index f393a657..c6067248 100644
--- a/README.rst
+++ b/README.rst
@@ -6,8 +6,8 @@
 
 
 
-.. image:: https://img.shields.io/pypi/v/sematic/0.38.0?style=for-the-badge
-   :target: https://img.shields.io/pypi/v/sematic/0.38.0?style=for-the-badge
+.. image:: https://img.shields.io/pypi/v/sematic/0.38.1?style=for-the-badge
+   :target: https://img.shields.io/pypi/v/sematic/0.38.1?style=for-the-badge
    :alt: PyPI
 
 
diff --git a/docs/changelog.md b/docs/changelog.md
index de3f5a7d..4abc8a37 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -5,6 +5,8 @@ Lines for version numbers should always be formatted as
 with nothing else on the line.
 -->
 * HEAD
+* [0.38.1](https://pypi.org/project/sematic/0.38.1/)
+    * [feature] Allow specifiction of annotations and labels in `KubernetesResourceRequirements`
 * [0.38.0](https://pypi.org/project/sematic/0.38.0/)
     * [improvement] Add more pod information before deleting kubernete jobs
     * [bugfix] Stop the `CloudRunner` from marking itself as canceled when its pod
diff --git a/helm/sematic-server/Chart.yaml b/helm/sematic-server/Chart.yaml
index 994ee62e..bd83ed4e 100644
--- a/helm/sematic-server/Chart.yaml
+++ b/helm/sematic-server/Chart.yaml
@@ -2,8 +2,8 @@ apiVersion: v2
 name: sematic-server
 description: Sematic AI Server
 type: application
-version: 1.1.20
-appVersion: v0.38.0
+version: 1.1.21
+appVersion: v0.38.1
 maintainers:
   - name: sematic-ai
     url: https://github.com/sematic-ai/sematic/
diff --git a/sematic/versions.py b/sematic/versions.py
index 5c2d75d2..104f2213 100644
--- a/sematic/versions.py
+++ b/sematic/versions.py
@@ -9,7 +9,7 @@
 # the sdk. Should be bumped any time a release is made. Should be set
 # to whatever is the version after the most recent one in changelog.md,
 # as well as the version for the sematic wheel in wheel_constants.bzl
-CURRENT_VERSION = (0, 38, 0)
+CURRENT_VERSION = (0, 38, 1)
 
 # TO DEPRECATE
 # 0.X.X:
diff --git a/sematic/wheel_constants.bzl b/sematic/wheel_constants.bzl
index be77c086..e1f74c61 100644
--- a/sematic/wheel_constants.bzl
+++ b/sematic/wheel_constants.bzl
@@ -2,7 +2,7 @@
 # changelog.md.
 # This is the version that will be attached to the
 # wheel that bazel builds for sematic.
-wheel_version_string = "0.38.0"
+wheel_version_string = "0.38.1"
 
 wheel_author = "Sematic AI, Inc."
 wheel_author_email = "support@sematic.dev"