diff --git a/charts/matrix/Chart.yaml b/charts/matrix/Chart.yaml
index 953b80fc..7c812c6e 100644
--- a/charts/matrix/Chart.yaml
+++ b/charts/matrix/Chart.yaml
@@ -8,10 +8,10 @@ sources:
 
 type: application
 
-version: 18.5.0
+version: 18.6.0
 
 # renovate: image=ghcr.io/element-hq/synapse
-appVersion: v1.123.0
+appVersion: v1.127.1
 
 maintainers:
   - name: "jessebot"
diff --git a/charts/matrix/README.md b/charts/matrix/README.md
index 2fd5d9c7..8615063b 100644
--- a/charts/matrix/README.md
+++ b/charts/matrix/README.md
@@ -1,6 +1,6 @@
 # matrix
 
-![Version: 18.5.0](https://img.shields.io/badge/Version-18.5.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v1.123.0](https://img.shields.io/badge/AppVersion-v1.123.0-informational?style=flat-square)
+![Version: 18.6.0](https://img.shields.io/badge/Version-18.6.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v1.127.1](https://img.shields.io/badge/AppVersion-v1.127.1-informational?style=flat-square)
 
 A Helm chart to deploy a Matrix homeserver stack on Kubernetes