diff --git a/VERSION b/VERSION
index 456e5c4ad803e..297c4ee4da2c1 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.12.6
+1.12.7-dev
diff --git a/docs/root/intro/version_history.rst b/docs/root/intro/version_history.rst
index 52d976a9e82b7..ab894e31c4aee 100644
--- a/docs/root/intro/version_history.rst
+++ b/docs/root/intro/version_history.rst
@@ -1,6 +1,9 @@
 Version history
 ---------------
 
+1.12.7 (Pending)
+================
+
 1.12.6 (July 7, 2020)
 =====================
 * tls: fixed a bug where wilcard matching for "\*.foo.com" also matched domains of the form "a.b.foo.com". This behavior can be temporarily reverted by setting runtime feature `envoy.reloadable_features.fix_wildcard_matching` to false.