diff --git a/pkgs/development/tools/memray/default.nix b/pkgs/development/tools/memray/default.nix
index e5510aa5f80b..4f8b509702fb 100644
--- a/pkgs/development/tools/memray/default.nix
+++ b/pkgs/development/tools/memray/default.nix
@@ -8,14 +8,14 @@
 
 python3.pkgs.buildPythonApplication rec {
   pname = "memray";
-  version = "1.6.0";
+  version = "1.7.0";
   format = "setuptools";
 
   src = fetchFromGitHub {
     owner = "bloomberg";
     repo = pname;
     rev = "refs/tags/v${version}";
-    hash = "sha256-iIbx8vK4xAFfTVO4oJ5ELNKn19Tw6LPgwEi6eFOA5yo=";
+    hash = "sha256-FM6DVBnYgvciTeF9bf2NDvHGsnccxKqcR5ATj6daQ4w=";
   };
 
   nativeBuildInputs = [