diff --git a/bazel/repository.bzl b/bazel/repository.bzl
index 508b95a39a..1503cf26ee 100644
--- a/bazel/repository.bzl
+++ b/bazel/repository.bzl
@@ -76,10 +76,10 @@ def opentelemetry_cpp_deps():
     maybe(
         http_archive,
         name = "com_github_grpc_grpc",
-        sha256 = "f40bde4ce2f31760f65dc49a2f50876f59077026494e67dccf23992548b1b04f",
-        strip_prefix = "grpc-1.62.0",
+        sha256 = "d74f8e99a433982a12d7899f6773e285c9824e1d9a173ea1d1fb26c9bd089299",
+        strip_prefix = "grpc-1.67.1",
         urls = [
-            "https://github.com/grpc/grpc/archive/refs/tags/v1.62.0.tar.gz",
+            "https://github.com/grpc/grpc/archive/refs/tags/v1.67.1.tar.gz",
         ],
     )
 
diff --git a/ci/do_ci.sh b/ci/do_ci.sh
index c31d5e887a..a5f7b4ed07 100755
--- a/ci/do_ci.sh
+++ b/ci/do_ci.sh
@@ -546,7 +546,7 @@ elif [[ "$1" == "code.coverage" ]]; then
   cp tmp_coverage.info coverage.info
   exit 0
 elif [[ "$1" == "third_party.tags" ]]; then
-  echo "gRPC=v1.49.2" > third_party_release
+  echo "gRPC=v1.67.1" > third_party_release
   echo "abseil=20240116.1" >> third_party_release
   git submodule foreach --quiet 'echo "$name=$(git describe --tags HEAD)"' | sed 's:.*/::' >> third_party_release
   exit 0
diff --git a/ci/setup_grpc.sh b/ci/setup_grpc.sh
index dc78c172a8..e1d7cdaa21 100755
--- a/ci/setup_grpc.sh
+++ b/ci/setup_grpc.sh
@@ -7,7 +7,7 @@ set -e
 export DEBIAN_FRONTEND=noninteractive
 old_grpc_version='v1.33.2'
 new_grpc_version='v1.49.2'
-modern_grpc_version='v1.55.0'
+modern_grpc_version='v1.67.1'
 gcc_version_for_new_grpc='5.1'
 std_version='14'
 if [ ! -z "${CXX_STANDARD}" ]; then
diff --git a/third_party_release b/third_party_release
index 7362473f60..a73c5fd18c 100644
--- a/third_party_release
+++ b/third_party_release
@@ -13,7 +13,7 @@
 #   git submodule status
 #
 
-gRPC=v1.49.2
+gRPC=v1.67.1
 abseil=20240116.1
 benchmark=v1.8.3
 googletest=1.14.0