diff --git a/CHANGELOG.md b/CHANGELOG.md
index e223524b..a00be6a0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### **Added**
 
+### **Changed**
+
+## v1.4.0
+
+### **Added**
+
 - adds workflow specific to changes for `requirements-dev.txt` so all static checks are run
 - add `ray-cluster` module based on `kuberay-helm` charts
 - added FSx for Lustre to `ray-on-eks` manifest & persistent volume claim to `ray-cluster` module
diff --git a/DEPLOYMENT.md b/DEPLOYMENT.md
index b4a0edca..2770df72 100644
--- a/DEPLOYMENT.md
+++ b/DEPLOYMENT.md
@@ -5,7 +5,7 @@
 1. Clone the repository and checkout a release branch using the below command:
 
 ```
-git clone --origin upstream --branch release/1.3.0 https://github.com/awslabs/aiops-modules
+git clone --origin upstream --branch release/1.4.0 https://github.com/awslabs/aiops-modules
 ```
 The release version can be replaced with the version of interest.
 
diff --git a/VERSION b/VERSION
index 589268e6..e21e727f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.3.0
\ No newline at end of file
+1.4.0
\ No newline at end of file
diff --git a/one-click-launch.yaml b/one-click-launch.yaml
index ac5cecd8..85ff6a62 100644
--- a/one-click-launch.yaml
+++ b/one-click-launch.yaml
@@ -3,8 +3,8 @@ Description: Creates AIOps setup for Developers
 Parameters:
   VersionTag:
     Type: String
-    Default: v1.3.0
-    Description: Version. Should reference version tag in the repository e.g v1.3.0.
+    Default: v1.4.0
+    Description: Version. Should reference version tag in the repository e.g v1.4.0.
   ManifestPath:
     Type: String
     Default: manifests/mlops-sagemaker/deployment.yaml