diff --git a/CHANGELOG b/CHANGELOG
new file mode 100644
index 00000000000..d6cc0e44bdb
--- /dev/null
+++ b/CHANGELOG
@@ -0,0 +1,13 @@
+# CBMC 5.94.0
+
+## What's Changed
+* Add models for C library: getpwnam, getpwuid, and getopt by @tautschnig in https://github.com/diffblue/cbmc/pull/7919 and https://github.com/diffblue/cbmc/pull/7916
+* Shadow memory addresses now also support --pointer-check argument by @esteffin in https://github.com/diffblue/cbmc/pull/7936
+* [DOCS] Add documentation on CBMC Shadow Memory intrinsics and shadow memory functions (via doxygen) by @NlightNFotis in https://github.com/diffblue/cbmc/pull/7913 and https://github.com/diffblue/cbmc/pull/7930
+* [SYNTHESIZER] goto-synthesizer now accepts all CBMC options by @qinheping in https://github.com/diffblue/cbmc/pull/7900
+
+## Bug Fixes
+* Fix problem on array size L2 renaming by @esteffin in https://github.com/diffblue/cbmc/pull/7877
+* Fix shadow memory missing aggregation on non-compound bitvector types by @esteffin in https://github.com/diffblue/cbmc/pull/7935
+
+**Full Changelog**: https://github.com/diffblue/cbmc/compare/cbmc-5.93.0...cbmc-5.94.0
diff --git a/src/config.inc b/src/config.inc
index ebe88583ce0..d8c098c9638 100644
--- a/src/config.inc
+++ b/src/config.inc
@@ -76,7 +76,7 @@ endif
 OSX_IDENTITY="Developer ID Application: Daniel Kroening"
 
 # Detailed version information
-CBMC_VERSION = 5.93.0
+CBMC_VERSION = 5.94.0
 
 # Use the CUDD library for BDDs, can be installed using `make -C src cudd-download`
 # CUDD = ../../cudd-3.0.0
diff --git a/src/libcprover-rust/Cargo.toml b/src/libcprover-rust/Cargo.toml
index 1cf0de92b07..f1efe3a7ffb 100644
--- a/src/libcprover-rust/Cargo.toml
+++ b/src/libcprover-rust/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "libcprover_rust"
-version = "5.93.0"
+version = "5.94.0"
 edition = "2021"
 description = "Rust API for CBMC and assorted CProver tools"
 repository = "https://github.com/diffblue/cbmc"