diff --git a/optimum/version.py b/optimum/version.py
index a6c774914d2..98093dce82f 100644
--- a/optimum/version.py
+++ b/optimum/version.py
@@ -12,4 +12,4 @@
 #  See the License for the specific language governing permissions and
 #  limitations under the License.
 
-__version__ = "1.21.3"
+__version__ = "1.21.4"