diff --git a/UPSTREAM_PROJECTS.yaml b/UPSTREAM_PROJECTS.yaml
index ce947c5e4c..e5035bb942 100644
--- a/UPSTREAM_PROJECTS.yaml
+++ b/UPSTREAM_PROJECTS.yaml
@@ -201,7 +201,7 @@ projects:
             go_version: "1.19"
       - name: image-builder
         versions:
-          - tag: v0.1.39
+          - tag: v0.1.40
             go_version: N/A
       - name: kind
         versions:
diff --git a/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_ADMIN_CONTAINER_METADATA b/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_ADMIN_CONTAINER_METADATA
index 37b1b7aa92..cc22187cf2 100644
--- a/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_ADMIN_CONTAINER_METADATA
+++ b/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_ADMIN_CONTAINER_METADATA
@@ -1,2 +1,2 @@
-imageDigest: sha256:bb380296f2e9e5bd8ebf17ea34e5a31a3ab2e38a42e688956ffaa986dc24b4b6
-tag: v0.11.13
+imageDigest: sha256:a018f71d46e2a5d029d9a82badbb2aea63dab47e9228cfb93145e8dcdac22c95
+tag: v0.11.14
diff --git a/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_CONTROL_CONTAINER_METADATA b/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_CONTROL_CONTAINER_METADATA
index 44ae063d14..687ae29062 100644
--- a/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_CONTROL_CONTAINER_METADATA
+++ b/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_CONTROL_CONTAINER_METADATA
@@ -1,2 +1,2 @@
-imageDigest: sha256:6526eb71a1b70edca551dbb90bfb080720255abda3c7e3d1c87c86e48d35a5cc
-tag: v0.7.17
+imageDigest: sha256:3c42eaa7e4598558ff832754634c55a98c510824dfc00b23fb51e744f5e4aa2c
+tag: v0.7.18
diff --git a/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_RELEASES b/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_RELEASES
index 060239e64a..eb0c7094f3 100644
--- a/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_RELEASES
+++ b/projects/kubernetes-sigs/image-builder/BOTTLEROCKET_RELEASES
@@ -1,17 +1,17 @@
 1-27:
-  ami-release-version: v1.26.2
+  ami-release-version: v1.28.0
   ova-release-version: v1.20.5
   raw-release-version: v1.20.5
 1-28:
-  ami-release-version: v1.26.2
-  ova-release-version: v1.26.2
+  ami-release-version: v1.28.0
+  ova-release-version: v1.28.0
   raw-release-version: v1.26.2
 1-29:
-  ami-release-version: v1.26.2
-  ova-release-version: v1.26.2
+  ami-release-version: v1.28.0
+  ova-release-version: v1.28.0
 1-30:
-  ami-release-version: v1.26.2
-  ova-release-version: v1.26.2
+  ami-release-version: v1.28.0
+  ova-release-version: v1.28.0
 1-31:
-  ami-release-version: v1.26.2
-  ova-release-version: v1.26.2
+  ami-release-version: v1.28.0
+  ova-release-version: v1.28.0
diff --git a/projects/kubernetes-sigs/image-builder/GIT_TAG b/projects/kubernetes-sigs/image-builder/GIT_TAG
index 37269bf969..02dc94cfc9 100644
--- a/projects/kubernetes-sigs/image-builder/GIT_TAG
+++ b/projects/kubernetes-sigs/image-builder/GIT_TAG
@@ -1 +1 @@
-v0.1.39
+v0.1.40
diff --git a/projects/kubernetes-sigs/image-builder/README.md b/projects/kubernetes-sigs/image-builder/README.md
index 49d547e45f..bf095f4d0b 100644
--- a/projects/kubernetes-sigs/image-builder/README.md
+++ b/projects/kubernetes-sigs/image-builder/README.md
@@ -1,5 +1,5 @@
 ## **Image Builder**
-![Version](https://img.shields.io/badge/version-v0.1.39-blue)
+![Version](https://img.shields.io/badge/version-v0.1.40-blue)
 | Kubernetes Version | Ubuntu 2004 | Ubuntu 2204 | RHEL 8 | RHEL 9 | Bottlerocket |
 | --- | --- | --- | --- | --- | --- |
 | 1-27 OVA | ![Build Status](https://codebuild.us-west-2.amazonaws.com/badges?uuid=eyJlbmNyeXB0ZWREYXRhIjoiQ2tIeHZ6ZG1XSTBTaFl4NGxIQWorbm4rYlNESmJybTJIZ3VtVGNrZUpvWUh3TG9zTzdhNXJvMkFxRGpBWWhEbFZ1aWppUjRhMTZkdU1EaGlQMW5EKzFVPSIsIml2UGFyYW1ldGVyU3BlYyI6IlFrQ0pRRDFXM01iRFBhQkciLCJtYXRlcmlhbFNldFNlcmlhbCI6MX0%3D&branch=main) | ![Build Status](https://codebuild.us-west-2.amazonaws.com/badges?uuid=eyJlbmNyeXB0ZWREYXRhIjoiQ0J4Qno3QmZsY1FYQUxmZC9hU3JFd0k2ZHpnSGhkSDc5MUxWdVlFU3JZclRKQ2NrR3lhQWFOVXV6aWhGakFYbWxJbnhkck1HWE5ua2kzMFMybW14dllvPSIsIml2UGFyYW1ldGVyU3BlYyI6ImxqbTZISWNyaCtzOFB3RUsiLCJtYXRlcmlhbFNldFNlcmlhbCI6MX0%3D&branch=main) | ![Build Status](https://codebuild.us-west-2.amazonaws.com/badges?uuid=eyJlbmNyeXB0ZWREYXRhIjoiMlFmL2ljUVVBSHh3eFI3QTAvVzNUL2RYaElvaTl0NGpOa0tPeUlld3hLenlMNWluOUE5NG0veXlKZ05RYUgvblI1VzlCeWtsdEwzZFdEYXhqNlptblpFPSIsIml2UGFyYW1ldGVyU3BlYyI6IkZURS96YW5CRHV5NU5xUWQiLCJtYXRlcmlhbFNldFNlcmlhbCI6MX0%3D&branch=main) | | ![Build Status](https://codebuild.us-west-2.amazonaws.com/badges?uuid=eyJlbmNyeXB0ZWREYXRhIjoiaHFNbVJsMlNObjB2Rmo2UUZ2RHIyc0k4WkowWkZ2RFpRS3dpRXc4VUEvbDBTVjZPZW9aY01Ga0ZONWZPS2YyVllhdmMwdXh0eGlYR3lOTDZ6aFEwbGxFPSIsIml2UGFyYW1ldGVyU3BlYyI6Iko3NUNaUWg0MkljOEZhSzEiLCJtYXRlcmlhbFNldFNlcmlhbCI6MX0%3D&branch=main) |