diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 7a19cc37..54f8e348 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -12,13 +12,13 @@ keywords:
   - monitoring
   - tracing
   - opentelemetry
-version: 19.0.0
+version: 19.1.0
 # TODO(paulfantom): Enable after kubernetes 1.22 reaches EOL (2022-10-28)
 # kubeVersion: ">= 1.23.0"
 dependencies:
   - name: timescaledb-single
     condition: timescaledb-single.enabled
-    version: 0.24.1
+    version: 0.27.0
     repository: https://charts.timescale.com
   - name: promscale
     condition: promscale.enabled
@@ -26,9 +26,9 @@ dependencies:
     repository: https://charts.timescale.com
   - name: kube-prometheus-stack
     condition: kube-prometheus-stack.enabled
-    version: 42.2.0
+    version: 42.3.0
     repository: https://prometheus-community.github.io/helm-charts
   - name: opentelemetry-operator
     condition: opentelemetry-operator.enabled
-    version: 0.19.2
+    version: 0.20.0
     repository: https://open-telemetry.github.io/opentelemetry-helm-charts
diff --git a/chart/values.yaml b/chart/values.yaml
index 84fd584b..dc149584 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -162,7 +162,7 @@ kube-prometheus-stack:
       image:
         registry: quay.io
         repository: prometheus/prometheus
-        tag: v2.40.5
+        tag: v2.40.6
       scrapeInterval: "1m"
       scrapeTimeout: "10s"
       evaluationInterval: "1m"