diff --git a/charts/splunk-connect-for-syslog/Chart.yaml b/charts/splunk-connect-for-syslog/Chart.yaml
index 460b1f1d23..33f07eb2e5 100644
--- a/charts/splunk-connect-for-syslog/Chart.yaml
+++ b/charts/splunk-connect-for-syslog/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: splunk-connect-for-syslog
 description: Deploy Splunk Connect for Syslog
 type: application
-version: 3.15.0
-appVersion: "3.15.0"
+version: 3.16.0
+appVersion: "3.16.0"
diff --git a/package/etc/VERSION b/package/etc/VERSION
index f02113fe87..1eeac129c5 100644
--- a/package/etc/VERSION
+++ b/package/etc/VERSION
@@ -1 +1 @@
-3.15.0
+3.16.0
diff --git a/pyproject.toml b/pyproject.toml
index 079ae971d1..5f926a3dc4 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "splunk-connect-for-syslog"
-version = "3.15.0"
+version = "3.16.0"
 description = ""
 authors = ["rjha-splunk <rjha@splunk.com>"]
 license = "Apache-2.0"