diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index eaa4d897..c569dd32 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -12,7 +12,7 @@ keywords:
   - monitoring
   - tracing
   - opentelemetry
-version: 17.23.2
+version: 17.24.0
 # TODO(paulfantom): Enable after kubernetes 1.22 reaches EOL (2022-10-28)
 # kubeVersion: ">= 1.23.0"
 dependencies:
diff --git a/chart/values.yaml b/chart/values.yaml
index e7401a31..35d1dee5 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -130,14 +130,14 @@ kube-prometheus-stack:
   prometheusOperator:
     image:
       repository: quay.io/prometheus-operator/prometheus-operator
-      tag: v0.61.0
+      tag: v0.61.1
       pullPolicy: IfNotPresent
     ## Prometheus config reloader configuration
     prometheusConfigReloader:
       # image to use for config and rule reloading
       image:
         repository: quay.io/prometheus-operator/prometheus-config-reloader
-        tag: v0.61.0
+        tag: v0.61.1
       # resource config for prometheusConfigReloader
       resources:
         requests:
@@ -158,7 +158,7 @@ kube-prometheus-stack:
     prometheusSpec:
       image:
         repository: quay.io/prometheus/prometheus
-        tag: v2.40.2
+        tag: v2.40.3
       scrapeInterval: "1m"
       scrapeTimeout: "10s"
       evaluationInterval: "1m"
@@ -341,7 +341,7 @@ kube-prometheus-stack:
   kube-state-metrics:
     image:
       repository: registry.k8s.io/kube-state-metrics/kube-state-metrics
-      tag: v2.6.0
+      tag: v2.7.0
       pullPolicy: IfNotPresent
     # By default kube-state-metrics are scraped using
     # serviceMonitor disable annotation based scraping