diff --git a/RELEASE.md b/RELEASE.md
index 3a485ba44..b5a1f1b89 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -1,3 +1,18 @@
+# Release 0.27.0
+
+## Major Features and Bug Fixes
+* Add arrow binary data type support
+* Add string support for feather file
+
+## Thanks to our Contributors
+
+This release contains contributions from many people:
+
+Yong Tang
+
+We are also grateful to all who filed issues or helped resolve them, asked and
+answered questions, and were part of inspiring discussions.
+
 # Release 0.26.0
 
 ## Major Features and Bug Fixes
diff --git a/WORKSPACE b/WORKSPACE
index 4b1b9a507..043de64a9 100644
--- a/WORKSPACE
+++ b/WORKSPACE
@@ -115,10 +115,10 @@ pip_install()
 
 http_archive(
     name = "org_tensorflow",
-    sha256 = "7edd8b544cc65254735210e03364fe9828f36430e09e9322fba9b0a4b2912580",
-    strip_prefix = "tensorflow-2.10.0-rc2",
+    sha256 = "cb9b0a73d1748d1b71457631bd4bdc3675792d8d068150d93b73d24e33c8d236",
+    strip_prefix = "tensorflow-2.10.0-rc3",
     urls = [
-        "https://github.com/tensorflow/tensorflow/archive/refs/tags/v2.10.0-rc2.tar.gz",
+        "https://github.com/tensorflow/tensorflow/archive/refs/tags/v2.10.0-rc3.tar.gz",
     ],
 )
 
diff --git a/tensorflow_io/python/ops/version_ops.py b/tensorflow_io/python/ops/version_ops.py
index 09e006c70..c4104c3a8 100644
--- a/tensorflow_io/python/ops/version_ops.py
+++ b/tensorflow_io/python/ops/version_ops.py
@@ -15,4 +15,4 @@
 """version_ops"""
 
 version = "0.27.0"
-require = "tensorflow>=2.10.0rc2,<2.11.0"
+require = "tensorflow>=2.10.0rc3,<2.11.0"