diff --git a/Makefile b/Makefile
index a9edba88517..c96e64390aa 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 # To re-generate a bundle for another specific version without changing the standard setup, you can:
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
-VERSION ?= 2.23.0
+VERSION ?= 2.23.1
 # IMAGE_TAG_BASE defines the opendatahub.io namespace and part of the image name for remote images.
 # This variable is used to construct full image tags for bundle and catalog images.
 #
diff --git a/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml b/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
index c0096a237a2..5452344cadb 100644
--- a/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
@@ -105,9 +105,9 @@ metadata:
     capabilities: Full Lifecycle
     categories: AI/Machine Learning, Big Data
     certified: "False"
-    containerImage: quay.io/opendatahub/opendatahub-operator:v2.23.0
-    createdAt: "2025-01-22T10:01:56Z"
-    olm.skipRange: '>=1.0.0 <2.23.0'
+    containerImage: quay.io/opendatahub/opendatahub-operator:v2.23.1
+    createdAt: "2025-01-23T10:07:45Z"
+    olm.skipRange: '>=1.0.0 <2.23.1'
     operators.operatorframework.io/builder: operator-sdk-v1.31.0
     operators.operatorframework.io/internal-objects: '["featuretrackers.features.opendatahub.io",
       "codeflares.components.platform.opendatahub.io", "dashboards.components.platform.opendatahub.io",
@@ -118,7 +118,7 @@ metadata:
       "monitorings.services.platform.opendatahub.io","modelcontrollers.components.platform.opendatahub.io"]'
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: https://github.com/opendatahub-io/opendatahub-operator
-  name: opendatahub-operator.v2.23.0
+  name: opendatahub-operator.v2.23.1
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -1367,7 +1367,7 @@ spec:
   selector:
     matchLabels:
       component: opendatahub-operator
-  version: 2.23.0
+  version: 2.23.1
   webhookdefinitions:
   - admissionReviewVersions:
     - v1
diff --git a/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml b/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
index d65aab3b16e..148967aa4cc 100644
--- a/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
+++ b/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
@@ -6,9 +6,9 @@ metadata:
     capabilities: Full Lifecycle
     categories: AI/Machine Learning, Big Data
     certified: "False"
-    containerImage: quay.io/opendatahub/opendatahub-operator:v2.23.0
-    createdAt: "2025-1-22T00:00:00Z"
-    olm.skipRange: '>=1.0.0 <2.23.0'
+    containerImage: quay.io/opendatahub/opendatahub-operator:v2.23.1
+    createdAt: "2025-1-23T00:00:00Z"
+    olm.skipRange: '>=1.0.0 <2.23.1'
     operators.operatorframework.io/internal-objects: '["featuretrackers.features.opendatahub.io",
       "codeflares.components.platform.opendatahub.io", "dashboards.components.platform.opendatahub.io",
       "datasciencepipelines.components.platform.opendatahub.io", "kserves.components.platform.opendatahub.io",
@@ -17,7 +17,7 @@ metadata:
       "trainingoperators.components.platform.opendatahub.io", "trustyais.components.platform.opendatahub.io",  "workbenches.components.platform.opendatahub.io",
       "monitorings.services.platform.opendatahub.io","modelcontrollers.components.platform.opendatahub.io"]'
     repository: https://github.com/opendatahub-io/opendatahub-operator
-  name: opendatahub-operator.v2.23.0
+  name: opendatahub-operator.v2.23.1
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -179,4 +179,4 @@ spec:
   selector:
     matchLabels:
       component: opendatahub-operator
-  version: 2.23.0
+  version: 2.23.1
diff --git a/get_all_manifests.sh b/get_all_manifests.sh
index 9ec4da949e3..352a0eaec1a 100755
--- a/get_all_manifests.sh
+++ b/get_all_manifests.sh
@@ -6,20 +6,20 @@ GITHUB_URL="https://github.com"
 # COMPONENT_MANIFESTS is a list of components repositories info to fetch the manifests
 # in the format of "repo-org:repo-name:ref-name:source-folder" and key is the target folder under manifests/
 declare -A COMPONENT_MANIFESTS=(
-    ["dashboard"]="opendatahub-io:odh-dashboard:main:manifests"
-    ["workbenches/kf-notebook-controller"]="opendatahub-io:kubeflow:v1.7-branch:components/notebook-controller/config"
-    ["workbenches/odh-notebook-controller"]="opendatahub-io:kubeflow:v1.7-branch:components/odh-notebook-controller/config"
-    ["workbenches/notebooks"]="opendatahub-io:notebooks:main:manifests"
-    ["modelmeshserving"]="opendatahub-io:modelmesh-serving:release-0.12.0-rc0:config"
-    ["kserve"]="opendatahub-io:kserve:release-v0.14:config"
-    ["kueue"]="opendatahub-io:kueue:dev:config"
-    ["codeflare"]="opendatahub-io:codeflare-operator:main:config"
-    ["ray"]="opendatahub-io:kuberay:dev:ray-operator/config"
-    ["trustyai"]="trustyai-explainability:trustyai-service-operator:main:config"
-    ["modelregistry"]="opendatahub-io:model-registry-operator:main:config"
-    ["trainingoperator"]="opendatahub-io:training-operator:dev:manifests"
-    ["datasciencepipelines"]="opendatahub-io:data-science-pipelines-operator:main:config"
-    ["modelcontroller"]="opendatahub-io:odh-model-controller:incubating:config"
+    ["dashboard"]="opendatahub-io:odh-dashboard:v2.29.3-odh-release:manifests"
+    ["workbenches/kf-notebook-controller"]="opendatahub-io:kubeflow:v1.9.0-6:components/notebook-controller/config"
+    ["workbenches/odh-notebook-controller"]="opendatahub-io:kubeflow:v1.9.0-6:components/odh-notebook-controller/config"
+    ["workbenches/notebooks"]="opendatahub-io:notebooks:v1.27.0:manifests"
+    ["modelmeshserving"]="opendatahub-io:modelmesh-serving:odh-v2.23:config"
+    ["kserve"]="opendatahub-io:kserve:odh-v2.23:config"
+    ["kueue"]="opendatahub-io:kueue:v0.8.3:config"
+    ["codeflare"]="opendatahub-io:codeflare-operator:v1.13.0:config"
+    ["ray"]="opendatahub-io:kuberay:v1.1.0-odh-2:ray-operator/config"
+    ["trustyai"]="trustyai-explainability:trustyai-service-operator:release/1.31.1:config"
+    ["modelregistry"]="opendatahub-io:model-registry-operator:release/v0.2.12:config"
+    ["trainingoperator"]="opendatahub-io:training-operator:v1.8.0-odh-3:manifests"
+    ["datasciencepipelines"]="opendatahub-io:data-science-pipelines-operator:v2.9.0:config"
+    ["modelcontroller"]="opendatahub-io:odh-model-controller:odh-v2.23:config"
 )
 
 # Allow overwriting repo using flags component=repo