diff --git a/sdk/python/kfp/__init__.py b/sdk/python/kfp/__init__.py
index 0f4a1ccf0533..d53dc0f7ddd2 100644
--- a/sdk/python/kfp/__init__.py
+++ b/sdk/python/kfp/__init__.py
@@ -13,7 +13,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = '0.1.37'
+__version__ = '0.1.38'
 
 from . import components
 from . import containers