diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index efe9bfbb..dd8fde77 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.4.2"
+  ".": "1.5.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2579e268..80521aef 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+### 1.5.0 (2025-01-03)
+
+#### Features
+
+* Support pidfile in CLI & Server (defaults to puma.pid) ([#178](https://github.com/GoogleCloudPlatform/functions-framework-ruby/issues/178)) 
+
 ### 1.4.2 (2024-09-18)
 
 #### Bug Fixes
diff --git a/lib/functions_framework/version.rb b/lib/functions_framework/version.rb
index 174f3925..33c2c8b7 100644
--- a/lib/functions_framework/version.rb
+++ b/lib/functions_framework/version.rb
@@ -17,5 +17,5 @@ module FunctionsFramework
   # Version of the Ruby Functions Framework
   # @return [String]
   #
-  VERSION = "1.4.2".freeze
+  VERSION = "1.5.0".freeze
 end