diff --git a/VERSION b/VERSION
index 937cd784..fb7a04cf 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.3.1
+v0.4.0
diff --git a/deploy/charts/burrito/Chart.yaml b/deploy/charts/burrito/Chart.yaml
index 80d213fe..28122876 100644
--- a/deploy/charts/burrito/Chart.yaml
+++ b/deploy/charts/burrito/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: burrito
 description: A Helm chart for handling a complete burrito deployment
 type: application
-version: 0.3.1
-appVersion: "v0.3.1"
+version: 0.4.0
+appVersion: "v0.4.0"