diff --git a/CHANGELOG.md b/CHANGELOG.md
index e0cf4d79..e62c2078 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Mindee Python API Library Changelog
 
+## v4.18.0 - 2025-02-21
+### Changes
+* :sparkles: add support for image and pdf compression
+* :recycle: increase async retry timers
+
+
 ## v4.17.0 - 2024-12-13
 ### Changes
 * :sparkles: add support for us mail v3
diff --git a/mindee/versions.py b/mindee/versions.py
index c8ff5b62..fac8be56 100644
--- a/mindee/versions.py
+++ b/mindee/versions.py
@@ -1,6 +1,6 @@
 import sys
 
-__version__ = "4.17.0"
+__version__ = "4.18.0"
 
 PYTHON_VERSION = f"{sys.version_info[0]}.{sys.version_info[1]}"