diff --git a/NEWS b/NEWS
index 62997c2..a53148e 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,10 @@
+3.4
+---
+
+This update adds polkit checks for whether a user is allowed to claim a sensor.
+It also fixes the ambient light sensor readings on some systems, a regression in
+the fake-input-accelerometer test binary, and a number of memory leaks.
+
 3.3
 ---
 
diff --git a/meson.build b/meson.build
index b96ffc1..b45493f 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('iio-sensor-proxy', [ 'c' ],
-        version: '3.3',
+        version: '3.4',
         license: 'GPLv3+',
         default_options: [
           'buildtype=debugoptimized',