diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5e41b87..2db27e9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,7 @@
 MLEM tries to adhere to [semantic versioning](https://semver.org/). Potentially breaking changes are written in **bold**.
 
 Jump to version:
+- [7.1.1](#711-in-development)
 - [7.1.0](#710)
 - [7.0.0](#700)
 - [6.3.1](#631)
@@ -14,6 +15,10 @@ Jump to version:
 - [5.1.0](#510)
 - [5.0.0](#500)
 
+## 7.1.1 (In Development)
+
+No code changes
+
 ## 7.1.0
 
 ### MLEM
diff --git a/build.cake b/build.cake
index 4f4e752..caae07c 100644
--- a/build.cake
+++ b/build.cake
@@ -2,7 +2,7 @@
 #tool dotnet:?package=docfx&version=2.75.3
 
 // this is the upcoming version, for prereleases
-var version = Argument("version", "7.1.0");
+var version = Argument("version", "7.1.1");
 var target = Argument("target", "Default");
 var gitRef = Argument("ref", "refs/heads/main");
 var buildNum = Argument("buildNum", "");