diff --git a/RELEASE.md b/RELEASE.md
index 8494b48..cf7590b 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -1,14 +1,16 @@
 <!-- mdlint off(HEADERS_TOO_MANY_H1) -->
 
-# Current Version (not yet released; still in development)
+# Version 1.21.0
 
 ## Major Features and Improvements
 
+*   N/A
+
 ## Bug Fixes and Other Changes
 
-*   Align with TensorFlow 2.21 dependencies.
 *   Upgrade Protobuf to `6.31.1`.
 *   Upgrade `bazel_skylib` to `1.9.0`.
+*   Bumped the minimum bazel version required to build `tfmd` to 7.4.1 (tested with 7.7.0).
 *   Add support for Python 3.12 and 3.13.
 
 ## Breaking Changes
@@ -17,6 +19,8 @@
 
 ## Deprecations
 
+*   N/A
+
 # Version 1.17.3
 
 ## Major Features and Improvements
diff --git a/tensorflow_metadata/version.py b/tensorflow_metadata/version.py
index 1f72982..66f9960 100644
--- a/tensorflow_metadata/version.py
+++ b/tensorflow_metadata/version.py
@@ -14,4 +14,4 @@
 """Contains the version string of TFMD."""
 
 # Note that setup.py uses this version.
-__version__ = "1.18.0.dev"
+__version__ = "1.21.0"