diff --git a/pkgs/development/python-modules/smart_open/default.nix b/pkgs/development/python-modules/smart_open/default.nix
index f1a5bf6ed9f2..5896437e61d6 100644
--- a/pkgs/development/python-modules/smart_open/default.nix
+++ b/pkgs/development/python-modules/smart_open/default.nix
@@ -12,11 +12,11 @@
 
 buildPythonPackage rec {
   pname = "smart_open";
-  version = "1.6.0";
+  version = "1.7.1";
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "c2c2b44125a03d6e96efdf3e53e28be99e1f548e8a4fa8035f8fab448bbdbbda";
+    sha256 = "0lwlvvz7qndq89i8bhjv4zfkhg0lbd5yjhccb7svszf30k8niiap";
   };
 
   # nixpkgs version of moto is >=1.2.0, remove version pin to fix build