diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 24e91e07..5abf435f 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -12,7 +12,7 @@ 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:
@@ -26,7 +26,7 @@ dependencies:
     repository: https://charts.timescale.com
   - name: kube-prometheus-stack
     condition: kube-prometheus-stack.enabled
-    version: 44.2.1
+    version: 61.3.1
     repository: https://prometheus-community.github.io/helm-charts
   - name: opentelemetry-operator
     condition: opentelemetry-operator.enabled
diff --git a/chart/values.yaml b/chart/values.yaml
index 4ee5e2b3..2f851fe5 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -273,7 +273,7 @@ kube-prometheus-stack:
     # TODO(paulfantom): remove with kube-prometheus bump
     image:
       repository: grafana/grafana
-      tag: 9.3.2
+      tag: 11.1.0
       pullPolicy: IfNotPresent
     resources:
       limits:
@@ -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:2.6.0
     nodejsImage: ghcr.io/open-telemetry/opentelemetry-operator/autoinstrumentation-nodejs:0.34.0
   collector:
     # The default otel collector that will be deployed by helm once