diff --git a/charts/stable/portainer/Chart.yaml b/charts/stable/portainer/Chart.yaml
index 628ded2632b..ca8cc467703 100644
--- a/charts/stable/portainer/Chart.yaml
+++ b/charts/stable/portainer/Chart.yaml
@@ -36,5 +36,5 @@ sources:
   - https://hub.docker.com/r/portainer/portainer-ce
   - https://hub.docker.com/r/portainer/portainer-ee
 type: application
-version: 12.0.1
+version: 12.1.0
 
diff --git a/charts/stable/portainer/values.yaml b/charts/stable/portainer/values.yaml
index f40d49bab63..2652b6c0bad 100644
--- a/charts/stable/portainer/values.yaml
+++ b/charts/stable/portainer/values.yaml
@@ -5,7 +5,7 @@ image:
   pullPolicy: IfNotPresent
 beImage:
   repository: docker.io/portainer/portainer-ee
-  tag: 2.39.1@sha256:63fb7e29eb4d8f0c05a8e10c8986873920f6e85b6c3feba24daa30c416768e0b
+  tag: 2.40.0@sha256:0c70aa0f57c8f7c5a4e1ee85734a1987b920b1603680cb4b0a778cf0dd6d2ee5
   pullPolicy: IfNotPresent
 portainer:
   # Logo URL