diff --git a/VERSION b/VERSION
index f9fb144f9..5007551bf 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-10.15.0
+10.16.0
diff --git a/axiom/nr_version.c b/axiom/nr_version.c
index 703447ba3..a1ee685ee 100644
--- a/axiom/nr_version.c
+++ b/axiom/nr_version.c
@@ -42,8 +42,9 @@
  *   orchid             20Sep2023 (10.12)
  *   poinsettia         03Oct2023 (10.13)
  *   quince             13Nov2023 (10.14)
+ *   rose               20Dec2023 (10.15)
  */
-#define NR_CODENAME "rose"
+#define NR_CODENAME "snapdragon"
 
 const char* nr_version(void) {
   return NR_STR2(NR_VERSION);