diff --git a/docs/conf.py b/docs/conf.py
index 22cdca555..cac9c7fe4 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -16,7 +16,7 @@
 project = 'Python SDK reference'
 copyright = '2025, Labelbox'
 author = 'Labelbox'
-release = '7.1.1'
+release = '7.1.2'
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/libs/labelbox/CHANGELOG.md b/libs/labelbox/CHANGELOG.md
index 175c9f0d4..2e55d6814 100644
--- a/libs/labelbox/CHANGELOG.md
+++ b/libs/labelbox/CHANGELOG.md
@@ -1,9 +1,14 @@
 # Changelog
+# Version 7.1.2 (2025-08-14)
+## Fixed
+* Project Setup: Remove project setup complete restriction ([#2003](https://github.com/Labelbox/labelbox-python/pull/2002))
+* API key creation: fix support of role with a space in the name ([#2003](https://github.com/Labelbox/labelbox-python/pull/2003))
+* Workflow cloning: Fix validation for some nodes ([#2005](https://github.com/Labelbox/labelbox-python/pull/2005))
+
 # Version 7.1.1 (2025-07-09)
 ## Fixed
 * `reset_to_initial_nodes()` and `clone_workflow_from()` will not update initial node IDs anymore ([#1999](https://github.com/Labelbox/labelbox-python/pull/1999))
 
-
 # Version 7.1.0 (2025-07-08)
 ## Added
 * Add the ability to specify relationship constraints ([#1992](https://github.com/Labelbox/labelbox-python/pull/1992))
diff --git a/libs/labelbox/pyproject.toml b/libs/labelbox/pyproject.toml
index 11185a282..e0d31cb11 100644
--- a/libs/labelbox/pyproject.toml
+++ b/libs/labelbox/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "labelbox"
-version = "7.1.1"
+version = "7.1.2"
 description = "Labelbox Python API"
 authors = [{ name = "Labelbox", email = "engineering@labelbox.com" }]
 dependencies = [
diff --git a/libs/labelbox/src/labelbox/__init__.py b/libs/labelbox/src/labelbox/__init__.py
index 8c4ca1292..eeb5708c8 100644
--- a/libs/labelbox/src/labelbox/__init__.py
+++ b/libs/labelbox/src/labelbox/__init__.py
@@ -1,6 +1,6 @@
 name = "labelbox"
 
-__version__ = "7.1.1"
+__version__ = "7.1.2"
 
 from labelbox.client import Client
 from labelbox.schema.annotation_import import (