diff --git a/Chart.lock b/Chart.lock
index 243d82e..fb73e89 100644
--- a/Chart.lock
+++ b/Chart.lock
@@ -1,6 +1,6 @@
 dependencies:
 - name: common
   repository: https://charts.bitnami.com/bitnami
-  version: 2.16.0
-digest: sha256:f6ff68e82dd5c53c8928097594a5127cb737641b84fd19c78def8c685aaad714
-generated: "2024-02-16T16:22:11.535309-05:00"
+  version: 2.16.1
+digest: sha256:9f0394486f656a87e367c84c7b3e2129c26d55f2d489e2c6931b324f8ea633f3
+generated: "2024-02-21T19:51:11.728032843Z"
diff --git a/charts/common-2.16.0.tgz b/charts/common-2.16.0.tgz
deleted file mode 100644
index 48063ac..0000000
Binary files a/charts/common-2.16.0.tgz and /dev/null differ
diff --git a/charts/common-2.16.1.tgz b/charts/common-2.16.1.tgz
new file mode 100644
index 0000000..ec43df4
Binary files /dev/null and b/charts/common-2.16.1.tgz differ
diff --git a/values.yaml b/values.yaml
index 87177db..e0ed100 100644
--- a/values.yaml
+++ b/values.yaml
@@ -3,7 +3,7 @@ clusterInfo: {}
 
 image:
   repository: otel/opentelemetry-collector-contrib
-  tag: "0.94.0"
+  tag: "0.95.0"
   pullPolicy: IfNotPresent
 
 resources: {}