diff --git a/CHANGELOG.asciidoc b/CHANGELOG.asciidoc
index 818d80078..32bc5cade 100644
--- a/CHANGELOG.asciidoc
+++ b/CHANGELOG.asciidoc
@@ -34,6 +34,13 @@ endif::[]
 [[release-notes-4.x]]
 === Ruby Agent version 4.x
 
+[[release-notes-4.7.2]
+==== 4.7.2
+
+[float]
+===== Fixed
+- Address machineType not being returned in GCP metadata {pull}1435[#1435]
+
 [[release-notes-4.7.1]
 ==== 4.7.1
 
diff --git a/lib/elastic_apm/version.rb b/lib/elastic_apm/version.rb
index 8bcc8ccf3..8fc17baf0 100644
--- a/lib/elastic_apm/version.rb
+++ b/lib/elastic_apm/version.rb
@@ -18,5 +18,5 @@
 # frozen_string_literal: true
 
 module ElasticAPM
-  VERSION = '4.7.1'
+  VERSION = '4.7.2'
 end