diff --git a/libcxx/CMakeLists.txt b/libcxx/CMakeLists.txt
index f145831c75d81..910d04b54b6da 100644
--- a/libcxx/CMakeLists.txt
+++ b/libcxx/CMakeLists.txt
@@ -32,7 +32,7 @@ if (CMAKE_SOURCE_DIR STREQUAL CMAKE_CURRENT_SOURCE_DIR OR LIBCXX_STANDALONE_BUIL
   project(libcxx CXX C)
 
   set(PACKAGE_NAME libcxx)
-  set(PACKAGE_VERSION 11.0.1)
+  set(PACKAGE_VERSION 11.1.0)
   set(PACKAGE_STRING "${PACKAGE_NAME} ${PACKAGE_VERSION}")
   set(PACKAGE_BUGREPORT "llvm-bugs@lists.llvm.org")
 
diff --git a/libcxxabi/CMakeLists.txt b/libcxxabi/CMakeLists.txt
index deff3d5e4ad1d..36c6b2249e2bb 100644
--- a/libcxxabi/CMakeLists.txt
+++ b/libcxxabi/CMakeLists.txt
@@ -25,7 +25,7 @@ if (CMAKE_SOURCE_DIR STREQUAL CMAKE_CURRENT_SOURCE_DIR OR LIBCXXABI_STANDALONE_B
   project(libcxxabi CXX C)
 
   set(PACKAGE_NAME libcxxabi)
-  set(PACKAGE_VERSION 11.0.1)
+  set(PACKAGE_VERSION 11.1.0)
   set(PACKAGE_STRING "${PACKAGE_NAME} ${PACKAGE_VERSION}")
   set(PACKAGE_BUGREPORT "llvm-bugs@lists.llvm.org")
 
diff --git a/libunwind/CMakeLists.txt b/libunwind/CMakeLists.txt
index cdac67e93df14..e44a103648f9c 100644
--- a/libunwind/CMakeLists.txt
+++ b/libunwind/CMakeLists.txt
@@ -83,7 +83,7 @@ if (CMAKE_SOURCE_DIR STREQUAL CMAKE_CURRENT_SOURCE_DIR OR LIBUNWIND_STANDALONE_B
   endif()
 
   set(PACKAGE_NAME libunwind)
-  set(PACKAGE_VERSION 11.0.1)
+  set(PACKAGE_VERSION 11.1.0)
   set(PACKAGE_STRING "${PACKAGE_NAME} ${PACKAGE_VERSION}")
   set(PACKAGE_BUGREPORT "llvm-bugs@lists.llvm.org")
 
diff --git a/llvm/CMakeLists.txt b/llvm/CMakeLists.txt
index b8dabbbca05aa..247ad36d38450 100644
--- a/llvm/CMakeLists.txt
+++ b/llvm/CMakeLists.txt
@@ -27,10 +27,10 @@ if(NOT DEFINED LLVM_VERSION_MAJOR)
   set(LLVM_VERSION_MAJOR 11)
 endif()
 if(NOT DEFINED LLVM_VERSION_MINOR)
-  set(LLVM_VERSION_MINOR 0)
+  set(LLVM_VERSION_MINOR 1)
 endif()
 if(NOT DEFINED LLVM_VERSION_PATCH)
-  set(LLVM_VERSION_PATCH 1)
+  set(LLVM_VERSION_PATCH 0)
 endif()
 if(NOT DEFINED LLVM_VERSION_SUFFIX)
   set(LLVM_VERSION_SUFFIX "")
diff --git a/llvm/utils/gn/secondary/llvm/version.gni b/llvm/utils/gn/secondary/llvm/version.gni
index e2b6390b66ccc..ebc66a5138e72 100644
--- a/llvm/utils/gn/secondary/llvm/version.gni
+++ b/llvm/utils/gn/secondary/llvm/version.gni
@@ -1,4 +1,4 @@
 llvm_version_major = 11
-llvm_version_minor = 0
-llvm_version_patch = 1
+llvm_version_minor = 1
+llvm_version_patch = 0
 llvm_version = "$llvm_version_major.$llvm_version_minor.$llvm_version_patch"
diff --git a/llvm/utils/release/build_llvm_package.bat b/llvm/utils/release/build_llvm_package.bat
index 31e237c635654..73362920773b6 100755
--- a/llvm/utils/release/build_llvm_package.bat
+++ b/llvm/utils/release/build_llvm_package.bat
@@ -27,8 +27,8 @@ set python64_dir=C:\Users\%USERNAME%\AppData\Local\Programs\Python\Python36
 for /f "usebackq" %%i in (`PowerShell ^(Get-Date^).ToString^('yyyyMMdd'^)`) do set datestamp=%%i
 
 set revision=%1
-set package_version=11.0.1-%revision:~0,8%
-set clang_format_vs_version=11.0.1.%datestamp%
+set package_version=11.1.0-%revision:~0,8%
+set clang_format_vs_version=11.1.0.%datestamp%
 set build_dir=llvm_package_%revision:~0,8%
 
 echo Revision: %revision%