diff --git a/CHANGELOG.md b/CHANGELOG.md
index 12195b6c..308e1bf2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,7 +10,9 @@
 
 ### Changed
 
-- n/a
+- Updated dependencies:
+  - `thiserror` from `1.0.31` to `2.0.3`
+  - `derive_builder` from `0.12` to `0.20`
 
 ### Removed
 
diff --git a/Cargo.toml b/Cargo.toml
index e0ef2c24..f419893b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -12,11 +12,11 @@ rust-version = "1.73.0"
 [dependencies]
 camino = { version = "1.0.7", features = ["serde1"] }
 cargo-platform = "0.1.2"
-derive_builder = { version = "0.12", optional = true }
+derive_builder = { version = "0.20", optional = true }
 semver = { version = "1.0.7", features = ["serde"] }
 serde = { version = "1.0.136", features = ["derive"] }
 serde_json = { version = "1.0.79", features = ["unbounded_depth"] }
-thiserror = "1.0.31"
+thiserror = "2.0.3"
 
 [features]
 default = []