diff --git a/VERSION.TXT b/VERSION.TXT
index 4d9cb073..d6c69423 100644
--- a/VERSION.TXT
+++ b/VERSION.TXT
@@ -1 +1 @@
-This is the MultiSense API version 7.2.0
+This is the MultiSense API version 7.4.0
diff --git a/pyproject.toml b/pyproject.toml
index 1fce2fd3..20abdf09 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "scikit_build_core.build"
 
 [project]
 name = "libmultisense"
-version = "7.2.0"
+version = "7.4.0"
 description="LibMultiSense python package wrapped using pybind11"
 readme = "README.md"
 authors = [
diff --git a/source/Legacy/include/MultiSense/details/channel.hh b/source/Legacy/include/MultiSense/details/channel.hh
index 7a15884c..5322d40b 100644
--- a/source/Legacy/include/MultiSense/details/channel.hh
+++ b/source/Legacy/include/MultiSense/details/channel.hh
@@ -283,7 +283,7 @@ private:
     //
     // The version of this API
 
-    static CRL_CONSTEXPR VersionType API_VERSION = 0x0702; // 7.2
+    static CRL_CONSTEXPR VersionType API_VERSION = 0x0704; // 7.4
 
     //
     // Misc. internal constants