diff --git a/README.md b/README.md
index 37ede979b..2d681790b 100644
--- a/README.md
+++ b/README.md
@@ -107,8 +107,8 @@ is compiled differently. A typical example of this would be `conda`-installed Te
 
 | TFRA  | TensorFlow | Compiler   | CUDA | CUDNN | Compute Capability           | CPU           |
 |:------|:-----------|:-----------|:-----|:------|:-----------------------------|:--------------|
-| 0.5.0 | 2.8.3      | GCC 7.3.1  | 11.2 | 8.1   | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 | x86 |
-| 0.5.0 | 2.6.0      | Xcode 13.1 | -    | -     | -                            | Apple M1      |
+| 0.5.1 | 2.8.3      | GCC 7.3.1  | 11.2 | 8.1   | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 | x86 |
+| 0.5.1 | 2.6.0      | Xcode 13.1 | -    | -     | -                            | Apple M1      |
 | 0.4.0 | 2.5.1      | GCC 7.3.1  | 11.2 | 8.1   | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 | x86 |
 | 0.4.0 | 2.5.0      | Xcode 13.1 | -    | -     | -                            | Apple M1      |
 | 0.3.1 | 2.5.1      | GCC 7.3.1  | 11.2 | 8.1   | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 | x86           |
@@ -279,7 +279,7 @@ sess_config.gpu_options.allow_growth = True
 #### Compatibility Matrix
 | TFRA  | TensorFlow | Serving | Compiler  | CUDA | CUDNN | Compute Capability |
 |:------|:-----------|:---- |:---------| :------------ | :---- | :------------ |
-| 0.5.0 | 2.8.3      | 2.5.2  | GCC 7.3.1 | 11.2| 8.1 | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 |
+| 0.5.1 | 2.8.3      | 2.5.2  | GCC 7.3.1 | 11.2| 8.1 | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 |
 | 0.4.0 | 2.5.1      | 2.5.2  | GCC 7.3.1 | 11.2| 8.1 | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 |
 | 0.3.1 | 2.5.1      | 2.5.2  | GCC 7.3.1 | 11.2| 8.1 | 6.0, 6.1, 7.0, 7.5, 8.0, 8.6 |
 | 0.2.0 | 2.4.1      | 2.4.0  | GCC 7.3.1 | 11.0 | 8.0 | 6.0, 6.1, 7.0, 7.5, 8.0 |
diff --git a/tensorflow_recommenders_addons/version.py b/tensorflow_recommenders_addons/version.py
index 70b11232c..4e4e55f31 100644
--- a/tensorflow_recommenders_addons/version.py
+++ b/tensorflow_recommenders_addons/version.py
@@ -37,7 +37,7 @@ def is_arm64():
 # We follow Semantic Versioning (https://semver.org/)
 _MAJOR_VERSION = "0"
 _MINOR_VERSION = "5"
-_PATCH_VERSION = "0"
+_PATCH_VERSION = "1"
 
 # When building releases, we can update this value on the release branch to
 # reflect the current release candidate ('rc0', 'rc1') or, finally, the official