diff --git a/composer/_version.py b/composer/_version.py
index a41361e246..54887b79cb 100644
--- a/composer/_version.py
+++ b/composer/_version.py
@@ -3,4 +3,4 @@
 
 """The Composer Version."""
 
-__version__ = '0.17.2'
+__version__ = '0.18.0'
diff --git a/docker/README.md b/docker/README.md
index 523982f8dd..e3bab86b5c 100644
--- a/docker/README.md
+++ b/docker/README.md
@@ -15,8 +15,8 @@ all dependencies for both NLP and Vision models. They are built on top of the
 <!-- BEGIN_COMPOSER_BUILD_MATRIX -->
 | Composer Version   | CUDA Support   | Docker Tag                                                     |
 |--------------------|----------------|----------------------------------------------------------------|
-| 0.17.2             | Yes            | `mosaicml/composer:latest`, `mosaicml/composer:0.17.2`         |
-| 0.17.2             | No             | `mosaicml/composer:latest_cpu`, `mosaicml/composer:0.17.2_cpu` |
+| 0.18.0             | Yes            | `mosaicml/composer:latest`, `mosaicml/composer:0.18.0`         |
+| 0.18.0             | No             | `mosaicml/composer:latest_cpu`, `mosaicml/composer:0.18.0_cpu` |
 <!-- END_COMPOSER_BUILD_MATRIX -->
 
 **Note**: For a lightweight installation, we recommended using a [MosaicML PyTorch Image](#pytorch-images) and manually
diff --git a/docker/build_matrix.yaml b/docker/build_matrix.yaml
index 845ea360c7..7a87276336 100644
--- a/docker/build_matrix.yaml
+++ b/docker/build_matrix.yaml
@@ -193,9 +193,9 @@
   TORCHVISION_VERSION: 0.18.0
 - AWS_OFI_NCCL_VERSION: ''
   BASE_IMAGE: nvidia/cuda:12.1.0-cudnn8-devel-ubuntu20.04
-  COMPOSER_INSTALL_COMMAND: mosaicml[all]==0.17.2
+  COMPOSER_INSTALL_COMMAND: mosaicml[all]==0.18.0
   CUDA_VERSION: 12.1.0
-  IMAGE_NAME: composer-0-17-2
+  IMAGE_NAME: composer-0-18-0
   MOFED_VERSION: 5.5-1.0.3.2
   NVIDIA_REQUIRE_CUDA_OVERRIDE: cuda>=12.1 brand=tesla,driver>=450,driver<451 brand=tesla,driver>=470,driver<471
     brand=unknown,driver>=470,driver<471 brand=nvidia,driver>=470,driver<471 brand=nvidiartx,driver>=470,driver<471
@@ -216,15 +216,15 @@
   PYTORCH_NIGHTLY_VERSION: ''
   PYTORCH_VERSION: 2.1.2
   TAGS:
-  - mosaicml/composer:0.17.2
+  - mosaicml/composer:0.18.0
   - mosaicml/composer:latest
   TARGET: composer_stage
   TORCHVISION_VERSION: 0.16.2
 - AWS_OFI_NCCL_VERSION: ''
   BASE_IMAGE: ubuntu:20.04
-  COMPOSER_INSTALL_COMMAND: mosaicml[all]==0.17.2
+  COMPOSER_INSTALL_COMMAND: mosaicml[all]==0.18.0
   CUDA_VERSION: ''
-  IMAGE_NAME: composer-0-17-2-cpu
+  IMAGE_NAME: composer-0-18-0-cpu
   MOFED_VERSION: 5.5-1.0.3.2
   NVIDIA_REQUIRE_CUDA_OVERRIDE: ''
   PYTHON_VERSION: '3.10'
@@ -232,7 +232,7 @@
   PYTORCH_NIGHTLY_VERSION: ''
   PYTORCH_VERSION: 2.1.2
   TAGS:
-  - mosaicml/composer:0.17.2_cpu
+  - mosaicml/composer:0.18.0_cpu
   - mosaicml/composer:latest_cpu
   TARGET: composer_stage
   TORCHVISION_VERSION: 0.16.2
diff --git a/docker/generate_build_matrix.py b/docker/generate_build_matrix.py
index b8aa136109..28d52aefa9 100644
--- a/docker/generate_build_matrix.py
+++ b/docker/generate_build_matrix.py
@@ -246,7 +246,7 @@ def _main():
     composer_entries = []
 
     # The `GIT_COMMIT` is a placeholder and Jenkins will substitute it with the actual git commit for the `composer_staging` images
-    composer_versions = ['0.17.2']  # Only build images for the latest composer version
+    composer_versions = ['0.18.0']  # Only build images for the latest composer version
     composer_python_versions = [LATEST_PYTHON_VERSION]  # just build composer against the latest
 
     for product in itertools.product(composer_python_versions, composer_versions, cuda_options):
diff --git a/setup.py b/setup.py
index 2ede354b8d..c58cae7c84 100644
--- a/setup.py
+++ b/setup.py
@@ -78,8 +78,8 @@ def package_files(prefix: str, directory: str, extension: str):
     'tqdm>=4.62.3,<5',
     'torchmetrics>=0.10.0,<1.1',
     'torch_optimizer>=0.3.0,<0.4',
-    'torchvision>=0.13.1,<0.20',  # TODO: Tighten before release
-    'torch>=1.13.1,<2.3.1',  # TODO: Tighten before release
+    'torchvision>=0.13.1,<0.17',  # TODO: Tighten before release
+    'torch>=1.13.1,<2.2.0',  # TODO: Tighten before release
     'requests>=2.26.0,<3',
     'numpy>=1.21.5,<1.27.0',
     'psutil>=5.8.0,<6',