diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 3e8c7e5..7605cfa 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,13 +1,13 @@
 [package]
 org = "ballerinax"
 name = "persist.inmemory"
-version = "1.3.0"
+version = "1.4.0"
 authors = ["Ballerina"]
 keywords = ["persist", "inmemory"]
 repository = "https://github.com/ballerina-platform/module-ballerinax-persist.inmemory"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.9.0"
+distribution = "2201.10.0"
 
 [platform.java17]
 graalvmCompatible = true
@@ -15,11 +15,11 @@ graalvmCompatible = true
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "persist.inmemory-native"
-version = "1.3.0"
-path = "../native/build/libs/persist.inmemory-native-1.3.0.jar"
+version = "1.4.0"
+path = "../native/build/libs/persist.inmemory-native-1.4.0-SNAPSHOT.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "persist-native"
-version = "1.3.0"
-path = "./lib/persist-native-1.3.0.jar"
+version = "1.4.0"
+path = "./lib/persist-native-1.4.0-20240808-102300-3b855e5.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 9efb678..9bf674d 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -5,7 +5,7 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.9.0"
+distribution-version = "2201.10.0-20240806-083400-aabac46a"
 
 [[package]]
 org = "ballerina"
@@ -53,7 +53,7 @@ scope = "testOnly"
 [[package]]
 org = "ballerina"
 name = "persist"
-version = "1.3.0"
+version = "1.4.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
@@ -90,7 +90,7 @@ modules = [
 [[package]]
 org = "ballerinax"
 name = "persist.inmemory"
-version = "1.3.0"
+version = "1.4.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "persist"},
diff --git a/build-config/resources/Ballerina.toml b/build-config/resources/Ballerina.toml
index 9c2dddf..e4590e5 100644
--- a/build-config/resources/Ballerina.toml
+++ b/build-config/resources/Ballerina.toml
@@ -7,7 +7,7 @@ keywords = ["persist", "inmemory"]
 repository = "https://github.com/ballerina-platform/module-ballerinax-persist.inmemory"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.9.0"
+distribution = "2201.10.0"
 
 [platform.java17]
 graalvmCompatible = true
diff --git a/gradle.properties b/gradle.properties
index fc412f6..8ed9184 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,5 +1,5 @@
 group=io.ballerina.stdlib
-version=1.3.1-SNAPSHOT
+version=1.4.0-SNAPSHOT
 
 puppycrawlCheckstyleVersion=10.12.0
 checkstyleToolVersion=10.12.0
@@ -11,7 +11,7 @@ testngVersion=7.6.1
 gsonVersion=2.10
 ballerinaGradlePluginVersion=2.0.1
 
-ballerinaLangVersion=2201.9.0
+ballerinaLangVersion=2201.10.0-20240806-083400-aabac46a
 
 # Direct Dependencies
 
@@ -19,11 +19,11 @@ ballerinaLangVersion=2201.9.0
 stdlibTimeVersion=2.4.0
 
 # Level 08
-stdlibPersistVersion=1.3.0
+stdlibPersistVersion=1.4.0-20240808-102300-3b855e5
 
 # Ballerinax Observer
-observeVersion=1.2.3
-observeInternalVersion=1.2.2
+observeVersion=1.3.0-20240807-093200-e29ca7a
+observeInternalVersion=1.3.0-20240807-094500-91e2d3a
 
 # Enabled publishing insecure checksums, due to fail to publish to maven central
 # Refer https://github.com/gradle/gradle/issues/11308