diff --git a/lib/utils/compose_ts.ts b/lib/utils/compose_ts.ts
index fda9bec9..f9690385 100644
--- a/lib/utils/compose_ts.ts
+++ b/lib/utils/compose_ts.ts
@@ -28,6 +28,7 @@ import type {
 	ImageDescriptor,
 } from 'resin-compose-parse';
 import type * as MultiBuild from 'resin-multibuild';
+import * as semver from 'semver';
 import type { Duplex, Readable } from 'stream';
 import type { Pack } from 'tar-stream';
 
@@ -1348,9 +1349,6 @@ async function pushServiceImages(
 	);
 }
 
-// TODO: This should be shared between the CLI & the Builder
-const PLAIN_SEMVER_REGEX = /^([0-9]+)\.([0-9]+)\.([0-9]+)$/;
-
 export async function deployProject(
 	docker: Dockerode,
 	logger: Logger,
@@ -1373,10 +1371,10 @@ export async function deployProject(
 
 	const contractPath = path.join(projectPath, 'balena.yml');
 	const contract = await getContractContent(contractPath);
-	if (contract?.version && !PLAIN_SEMVER_REGEX.test(contract?.version)) {
+	if (contract?.version && !semver.valid(contract.version)) {
 		throw new ExpectedError(stripIndent`\
-			Error: expected the version field in "${contractPath}"
-			to be a basic semver in the format '1.2.3'. Got '${contract.version}' instead`);
+			Error: the version field in "${contractPath}"
+			is not a valid semver`);
 	}
 
 	const $release = await runSpinner(
diff --git a/npm-shrinkwrap.json b/npm-shrinkwrap.json
index f9f37280..a1406b79 100644
--- a/npm-shrinkwrap.json
+++ b/npm-shrinkwrap.json
@@ -2946,12 +2946,9 @@
       }
     },
     "@types/semver": {
-      "version": "7.3.1",
-      "resolved": "https://registry.npmjs.org/@types/semver/-/semver-7.3.1.tgz",
-      "integrity": "sha512-ooD/FJ8EuwlDKOI6D9HWxgIgJjMg2cuziXm/42npDC8y4NjxplBUn9loewZiBNCt44450lHAU0OSb51/UqXeag==",
-      "requires": {
-        "@types/node": "*"
-      }
+      "version": "7.3.9",
+      "resolved": "https://registry.npmjs.org/@types/semver/-/semver-7.3.9.tgz",
+      "integrity": "sha512-L/TMpyURfBkf+o/526Zb6kd/tchUP3iBDEPjqjb+U2MAJhVRxxrmr2fwpe08E7QsV7YLcpq0tUaQ9O9x97ZIxQ=="
     },
     "@types/serve-static": {
       "version": "1.13.10",
diff --git a/package.json b/package.json
index eb3af6d5..a85e0d87 100644
--- a/package.json
+++ b/package.json
@@ -155,6 +155,7 @@
     "@types/request": "^2.48.7",
     "@types/rewire": "^2.5.28",
     "@types/rimraf": "^3.0.2",
+    "@types/semver": "^7.3.9",
     "@types/shell-escape": "^0.2.0",
     "@types/sinon": "^10.0.6",
     "@types/split": "^1.0.0",