diff --git a/CHANGELOG.md b/CHANGELOG.md
index f7a62c3..f8aec70 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,21 @@
 # Changelog
 
+## v2.7.0
+
+This release updates the system to use Buildroot 2020.05 and Erlang/OTP 23.
+Please see the respective release notes for updates and deprecations in both
+projects for changes that may affect your application.
+
+* New features
+  * Enable WiFi mesh support in the 802.11 stack
+  * NervesKey support (see README.md for device tree overlay information)
+  * Added support for the PowerVR SGX graphics accelerator
+
+* Updated dependencies
+  * [nerves_system_br v1.12.0](https://github.com/nerves-project/nerves_system_br/releases/tag/v1.12.0)
+  * [Erlang/OTP 23.0.2](https://erlang.org/download/OTP-23.0.2.README)
+  * Linux 4.19.120 with Beagleboard kernel patches
+
 ## v2.6.2
 
 * Updated dependencies
diff --git a/VERSION b/VERSION
index 097a15a..24ba9a3 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.6.2
+2.7.0