diff --git a/pyproject.toml b/pyproject.toml
index 0b9a16053..84f91fb7a 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -60,7 +60,7 @@ dev-mkdocs = [
   "mkdocs-gen-files == 0.5.0",
   "mkdocs-literate-nav == 0.6.1",
   "mkdocs-macros-plugin == 1.3.7",
-  "mkdocs-material == 9.5.45",
+  "mkdocs-material == 9.5.47",
   "mkdocstrings[python] == 0.27.0",
   "mkdocstrings-python == 1.12.2",
   "frequenz-repo-config[lib] == 0.11.0",
@@ -69,7 +69,7 @@ dev-mypy = [
   "mypy == 1.13.0",
   "types-Markdown == 3.7.0.20240822",
   "types-protobuf == 5.28.3.20241030",
-  "types-setuptools == 75.5.0.20241122",
+  "types-setuptools == 75.6.0.20241126",
   # For checking the noxfile, docs/ script, and tests
   "frequenz-sdk[dev-mkdocs,dev-noxfile,dev-pytest]",
 ]
@@ -80,13 +80,13 @@ dev-pylint = [
   "frequenz-sdk[dev-mkdocs,dev-noxfile,dev-pytest]",
 ]
 dev-pytest = [
-  "pytest == 8.3.3",
+  "pytest == 8.3.4",
   "frequenz-repo-config[extra-lint-examples] == 0.11.0",
   "pytest-mock == 3.14.0",
   "pytest-asyncio == 0.24.0",
   "time-machine == 2.12.0",
   "async-solipsism == 0.7",
-  "hypothesis == 6.119.3",
+  "hypothesis == 6.122.0",
 ]
 dev = [
   "frequenz-sdk[dev-mkdocs,dev-flake8,dev-formatting,dev-mkdocs,dev-mypy,dev-noxfile,dev-pylint,dev-pytest]",