diff --git a/tensorflow/core/public/version.h b/tensorflow/core/public/version.h
index 4a538045508..51c3c86d09c 100644
--- a/tensorflow/core/public/version.h
+++ b/tensorflow/core/public/version.h
@@ -26,7 +26,7 @@ limitations under the License.
 
 // TF_VERSION_SUFFIX is non-empty for pre-releases (e.g. "-alpha", "-alpha.1",
 // "-beta", "-rc", "-rc.1")
-#define TF_VERSION_SUFFIX "-rc2"
+#define TF_VERSION_SUFFIX "-rc3"
 
 #define TF_STR_HELPER(x) #x
 #define TF_STR(x) TF_STR_HELPER(x)
diff --git a/tensorflow/tools/pip_package/setup.py b/tensorflow/tools/pip_package/setup.py
index cb82a19f252..dde527dc014 100644
--- a/tensorflow/tools/pip_package/setup.py
+++ b/tensorflow/tools/pip_package/setup.py
@@ -50,7 +50,7 @@ from setuptools.dist import Distribution
 # result for pip.
 # Also update tensorflow/tensorflow.bzl and
 # tensorflow/core/public/version.h
-_VERSION = '2.4.0-rc2'
+_VERSION = '2.4.0-rc3'
 
 
 # We use the same setup.py for all tensorflow_* packages and for the nightly