diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 24e91e07..c71ae7be 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -12,13 +12,13 @@ keywords:
   - monitoring
   - tracing
   - opentelemetry
-version: 20.8.0
+version: 20.9.0
 # 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: 0.27.4
+    version: 0.33.1
     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: 44.2.1
+    version: 44.4.1
     repository: https://prometheus-community.github.io/helm-charts
   - name: opentelemetry-operator
     condition: opentelemetry-operator.enabled
-    version: 0.20.4
+    version: 0.23.0
     repository: https://open-telemetry.github.io/opentelemetry-helm-charts
diff --git a/chart/values.yaml b/chart/values.yaml
index 4ee5e2b3..b08164a3 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -82,7 +82,7 @@ promscale:
   enabled: true
   image:
     repository: timescale/promscale
-    tag: 0.16.0
+    tag: 0.17.0
     pullPolicy: IfNotPresent
   # to pass extra args
   extraArgs:
@@ -134,7 +134,7 @@ kube-prometheus-stack:
     image:
       registry: quay.io
       repository: prometheus-operator/prometheus-operator
-      tag: v0.62.0
+      tag: v0.63.0
       pullPolicy: IfNotPresent
     ## Prometheus config reloader configuration
     prometheusConfigReloader:
@@ -142,7 +142,7 @@ kube-prometheus-stack:
       image:
         registry: quay.io
         repository: prometheus-operator/prometheus-config-reloader
-        tag: v0.62.0
+        tag: v0.63.0
       # resource config for prometheusConfigReloader
       resources:
         requests:
@@ -164,7 +164,7 @@ kube-prometheus-stack:
       image:
         registry: quay.io
         repository: prometheus/prometheus
-        tag: v2.41.0
+        tag: v2.42.0
       scrapeInterval: "1m"
       scrapeTimeout: "10s"
       evaluationInterval: "1m"
@@ -273,7 +273,7 @@ kube-prometheus-stack:
     # TODO(paulfantom): remove with kube-prometheus bump
     image:
       repository: grafana/grafana
-      tag: 9.3.2
+      tag: 9.3.6
       pullPolicy: IfNotPresent
     resources:
       limits:
@@ -346,7 +346,7 @@ kube-prometheus-stack:
   kube-state-metrics:
     image:
       repository: registry.k8s.io/kube-state-metrics/kube-state-metrics
-      tag: v2.7.0
+      tag: v2.8.0
       pullPolicy: IfNotPresent
     # By default kube-state-metrics are scraped using
     # serviceMonitor disable annotation based scraping
@@ -385,7 +385,7 @@ opentelemetry-operator:
   manager:
     image:
       repository: ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator
-      tag: v0.67.0
+      tag: v0.70.0
     resources:
       limits:
         cpu: 50m
@@ -399,7 +399,7 @@ opentelemetry-operator:
       enabled: true
   instrumentation:
     pythonImage: ghcr.io/open-telemetry/opentelemetry-operator/autoinstrumentation-python:0.32b0
-    javaImage: ghcr.io/open-telemetry/opentelemetry-operator/autoinstrumentation-java:1.21.0
+    javaImage: ghcr.io/open-telemetry/opentelemetry-operator/autoinstrumentation-java:1.23.0
     nodejsImage: ghcr.io/open-telemetry/opentelemetry-operator/autoinstrumentation-nodejs:0.34.0
   collector:
     # The default otel collector that will be deployed by helm once