diff --git a/WORKSPACE b/WORKSPACE
index 82ca7f4c724..ea60baab4b9 100644
--- a/WORKSPACE
+++ b/WORKSPACE
@@ -24,8 +24,8 @@ local_repository(
 load("//tensorflow_serving:repo.bzl", "tensorflow_http_archive")
 tensorflow_http_archive(
     name = "org_tensorflow",
-    sha256 = "e97c242d13e386192e3a9f60fd674461b6595b02b3a2a48edd6fb11aeee7e038",
-    git_commit = "0db597d0d758aba578783b5bf46c889700a45085",
+    sha256 = "31a4ba0abab134e632c8e71ac6d1f92443858f04e8485f51ba7eeaad8d0cf9c4",
+    git_commit = "8e2b6655c0c488290179ab90a0daed0f6d3006f7",
 )
 
 # Import all of TensorFlow Serving's external dependencies.
diff --git a/tensorflow_serving/model_servers/BUILD b/tensorflow_serving/model_servers/BUILD
index 0c02dd1a6e1..982931c5e40 100644
--- a/tensorflow_serving/model_servers/BUILD
+++ b/tensorflow_serving/model_servers/BUILD
@@ -534,7 +534,7 @@ pkg_deb(
     homepage = "https://github.com/tensorflow/serving",
     maintainer = "TensorFlow Serving team",
     package = "tensorflow-model-server",
-    version = "2.12.1",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
+    version = "2.12.2",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
 )
 
 # Build with '-c opt'
@@ -545,5 +545,5 @@ pkg_deb(
     homepage = "https://github.com/tensorflow/serving",
     maintainer = "TensorFlow Serving team",
     package = "tensorflow-model-server-universal",
-    version = "2.12.1",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
+    version = "2.12.2",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
 )
diff --git a/tensorflow_serving/model_servers/version.h b/tensorflow_serving/model_servers/version.h
index ddb6260f2c5..6688135da3c 100644
--- a/tensorflow_serving/model_servers/version.h
+++ b/tensorflow_serving/model_servers/version.h
@@ -24,7 +24,7 @@ limitations under the License.
 
 #define TF_MODELSERVER_MAJOR_VERSION 2
 #define TF_MODELSERVER_MINOR_VERSION 12
-#define TF_MODELSERVER_PATCH_VERSION 1
+#define TF_MODELSERVER_PATCH_VERSION 2
 // TF_MODELSERVER_VERSION_SUFFIX is non-empty for pre-releases
 // (e.g. "-alpha", "-alpha.1", "-beta", "-rc", "-rc.1")
 #define TF_MODELSERVER_VERSION_SUFFIX ""
diff --git a/tensorflow_serving/tools/pip_package/setup.py b/tensorflow_serving/tools/pip_package/setup.py
index d8db19509ae..f4033af863a 100644
--- a/tensorflow_serving/tools/pip_package/setup.py
+++ b/tensorflow_serving/tools/pip_package/setup.py
@@ -31,9 +31,9 @@
 DOCLINES = __doc__.split('\n')
 
 # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
-_VERSION = '2.12.1'
+_VERSION = '2.12.2'
 # Have this by default be open; releasing a new version will lock to TF version
-_TF_VERSION = '>=2.12.0,<3'
+_TF_VERSION = '>=2.12.1,<3'
 _TF_VERSION_SANITIZED = _TF_VERSION.replace('-', '')
 
 project_name = 'tensorflow-serving-api'