diff --git a/helm/hpcc/Chart.yaml b/helm/hpcc/Chart.yaml
index 2a53ac0f35e..16ce2534931 100644
--- a/helm/hpcc/Chart.yaml
+++ b/helm/hpcc/Chart.yaml
@@ -6,9 +6,9 @@ type: application
 
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
-version: 9.8.33-closedown0
+version: 9.8.34-rc1
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
 
-appVersion: 9.8.33-closedown0
+appVersion: 9.8.34-rc1
diff --git a/helm/hpcc/templates/_helpers.tpl b/helm/hpcc/templates/_helpers.tpl
index 0a1745ca512..3e5e253e569 100644
--- a/helm/hpcc/templates/_helpers.tpl
+++ b/helm/hpcc/templates/_helpers.tpl
@@ -1477,7 +1477,7 @@ Pass in dict with .root, .visibility defined
 {{- end -}}
 
 {{- define "hpcc.generateHelmVersion" -}}
-helmVersion: 9.8.33-closedown0
+helmVersion: 9.8.34-rc1
 {{- end -}}
 
 {{/*
diff --git a/version.cmake b/version.cmake
index 79d0110352e..2e9d0816770 100644
--- a/version.cmake
+++ b/version.cmake
@@ -5,8 +5,8 @@ set ( HPCC_NAME "Community Edition" )
 set ( HPCC_PROJECT "community" )
 set ( HPCC_MAJOR 9 )
 set ( HPCC_MINOR 8 )
-set ( HPCC_POINT 33 )
-set ( HPCC_MATURITY "closedown" )
-set ( HPCC_SEQUENCE 0 )
-set ( HPCC_TAG_TIMESTAMP "2024-10-18T15:30:55Z" )
+set ( HPCC_POINT 34 )
+set ( HPCC_MATURITY "rc" )
+set ( HPCC_SEQUENCE 1 )
+set ( HPCC_TAG_TIMESTAMP "2024-10-24T15:43:54Z" )
 ###