diff --git a/UPSTREAM_PROJECTS.yaml b/UPSTREAM_PROJECTS.yaml
index 03f8b95009..3c407e2e36 100644
--- a/UPSTREAM_PROJECTS.yaml
+++ b/UPSTREAM_PROJECTS.yaml
@@ -101,7 +101,7 @@ projects:
             go_version: "1.20"
       - name: helm-controller
         versions:
-          - tag: v0.37.0
+          - tag: v0.37.1
             go_version: "1.20"
       - name: kustomize-controller
         versions:
diff --git a/projects/fluxcd/helm-controller/ATTRIBUTION.txt b/projects/fluxcd/helm-controller/ATTRIBUTION.txt
index a17dc2984a..9732c9feac 100644
--- a/projects/fluxcd/helm-controller/ATTRIBUTION.txt
+++ b/projects/fluxcd/helm-controller/ATTRIBUTION.txt
@@ -23,10 +23,10 @@ https://github.com/docker/go-units
 ** github.com/fluxcd/cli-utils/pkg; version v0.36.0-flux.2 --
 https://github.com/fluxcd/cli-utils
 
-** github.com/fluxcd/helm-controller; version v0.37.0 --
+** github.com/fluxcd/helm-controller; version v0.37.1 --
 https://github.com/fluxcd/helm-controller
 
-** github.com/fluxcd/helm-controller/api/v2beta2; version v0.37.0 --
+** github.com/fluxcd/helm-controller/api/v2beta2; version v0.37.1 --
 https://github.com/fluxcd/helm-controller/api
 
 ** github.com/fluxcd/pkg/apis/acl; version v0.1.0 --
@@ -41,7 +41,7 @@ https://github.com/fluxcd/pkg/apis/kustomize
 ** github.com/fluxcd/pkg/apis/meta; version v1.2.0 --
 https://github.com/fluxcd/pkg/apis/meta
 
-** github.com/fluxcd/pkg/runtime; version v0.43.2 --
+** github.com/fluxcd/pkg/runtime; version v0.43.3 --
 https://github.com/fluxcd/pkg/runtime
 
 ** github.com/fluxcd/pkg/ssa; version v0.35.0 --
@@ -158,7 +158,7 @@ https://github.com/grpc/grpc-go
 ** gopkg.in/yaml.v2; version v2.4.0 --
 https://gopkg.in/yaml.v2
 
-** helm.sh/helm/v3; version v3.13.2 --
+** helm.sh/helm/v3; version v3.13.3 --
 https://github.com/helm/helm
 
 ** k8s.io/api; version v0.28.4 --
diff --git a/projects/fluxcd/helm-controller/CHECKSUMS b/projects/fluxcd/helm-controller/CHECKSUMS
index fe3e8556ff..275667baa9 100644
--- a/projects/fluxcd/helm-controller/CHECKSUMS
+++ b/projects/fluxcd/helm-controller/CHECKSUMS
@@ -1,2 +1,2 @@
-de4e255b47956bb238b76afeaa78d989708740375595710c9eeb54a199b829ac  _output/bin/helm-controller/linux-amd64/helm-controller
-d02f522c121bc64393696a26b93e470e16387231e6f733d9238f928abf871c99  _output/bin/helm-controller/linux-arm64/helm-controller
+4cd493609eb3128bb10b2dcab5b0855769acb821639298be70b37f27a8ce3554  _output/bin/helm-controller/linux-amd64/helm-controller
+5beaaf500fdedf86d3077c682502336c28e8832ae1723f42996861c066887c23  _output/bin/helm-controller/linux-arm64/helm-controller
diff --git a/projects/fluxcd/helm-controller/GIT_TAG b/projects/fluxcd/helm-controller/GIT_TAG
index 945a6daa4f..d90dff7ad2 100644
--- a/projects/fluxcd/helm-controller/GIT_TAG
+++ b/projects/fluxcd/helm-controller/GIT_TAG
@@ -1 +1 @@
-v0.37.0
+v0.37.1
diff --git a/projects/fluxcd/helm-controller/README.md b/projects/fluxcd/helm-controller/README.md
index 33f8e2606a..19719463e9 100644
--- a/projects/fluxcd/helm-controller/README.md
+++ b/projects/fluxcd/helm-controller/README.md
@@ -1,5 +1,5 @@
 ## **Helm Controller**
-![Version](https://img.shields.io/badge/version-v0.37.0-blue)
+![Version](https://img.shields.io/badge/version-v0.37.1-blue)
 ![Build Status](https://codebuild.us-west-2.amazonaws.com/badges?uuid=eyJlbmNyeXB0ZWREYXRhIjoiS045T05yUXhCRzNPeXZwczkwcjgrbm8wOWJmSXZ6dll3eHBlVTV3bERUSlhadlRyOGE1Q1AzeWpEQTlvN2RISG9MNnMrMGRmOG1FZ2N2d0Nxc0l0b2UwPSIsIml2UGFyYW1ldGVyU3BlYyI6IlpJMTJ1cUxhdzc4bWlqNFUiLCJtYXRlcmlhbFNldFNlcmlhbCI6MX0%3D&branch=main)
 
 The [helm-controller](https://github.com/fluxcd/helm-controller) is a Kubernetes operator that allows users to declaratively manage Helm chart releases. The desired state of a Helm release is described through a Kubernetes Custom Resource named HelmRelease. Based on the creation, mutation or removal of a HelmRelease resource in the cluster, Helm actions are performed by the operator.