diff --git a/charts/stable/openobserve/Chart.yaml b/charts/stable/openobserve/Chart.yaml
index 4b71041ab04..71dc00cb112 100644
--- a/charts/stable/openobserve/Chart.yaml
+++ b/charts/stable/openobserve/Chart.yaml
@@ -14,7 +14,7 @@ annotations:
   trueforge.org/min_helm_version: "3.14"
   trueforge.org/train: stable
 apiVersion: v2
-appVersion: 0.60.4
+appVersion: 0.70.0
 dependencies:
   - name: common
     version: 28.33.0
@@ -43,5 +43,5 @@ sources:
   - https://github.com/openobserve/openobserve
   - https://github.com/trueforge-org/truecharts/tree/master/charts/stable/openobserve
 type: application
-version: 1.22.2
+version: 1.23.0
 
diff --git a/charts/stable/openobserve/values.yaml b/charts/stable/openobserve/values.yaml
index 33f27c904fe..b06b30afe22 100644
--- a/charts/stable/openobserve/values.yaml
+++ b/charts/stable/openobserve/values.yaml
@@ -1,7 +1,7 @@
 # yaml-language-server: $schema=./values.schema.json
 image:
   repository: public.ecr.aws/zinclabs/openobserve
-  tag: v0.60.4@sha256:645bdc3913b82806fd52de4e7c3604aceafdf84b6ea77e97057dbf8ca9960607
+  tag: v0.70.0@sha256:fb3d917825fbbecae0ef041465394127a45cf98e9c41c558e0cd45b23f055453
   pullPolicy: IfNotPresent
 
 persistence: