diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8e520416b..914089f02 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [1.37.12](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/compare/v1.37.11...v1.37.12) (2026-01-20)
+
+
+### Bug Fixes
+
+* update deps to latest on v1 ([#2537](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/issues/2537)) ([e625b37](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/commit/e625b37a63014bbaa111e7742e5552a4fdae45c2))
+
 ## [1.37.11](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/compare/v1.37.10...v1.37.11) (2025-12-09)
 
 
diff --git a/proxy/util/version.txt b/proxy/util/version.txt
index f951feb88..9c6f7e2a6 100644
--- a/proxy/util/version.txt
+++ b/proxy/util/version.txt
@@ -1 +1 @@
-1.37.11
+1.37.12