diff --git a/helm-dependencies.yaml b/helm-dependencies.yaml
index e2388ff02..cf8d54dd3 100644
--- a/helm-dependencies.yaml
+++ b/helm-dependencies.yaml
@@ -132,7 +132,7 @@ dependencies:
     version: 0.23.0
     repository: https://helm.releases.hashicorp.com
   - name: velero
-    version: 3.1.4
+    version: 3.1.5
     repository: https://vmware-tanzu.github.io/helm-charts
   - name: victoria-metrics-k8s-stack
     version: 0.14.16