diff --git a/pyproject.toml b/pyproject.toml
index 824249a16..88e276a44 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@
 [build-system]
 requires = [
   "setuptools == 84.0.0",
-  "setuptools_scm[toml] == 10.2.1",
+  "setuptools_scm[toml] == 10.3.4",
   "frequenz-repo-config[lib] == 0.19.0",
 ]
 build-backend = "setuptools.build_meta"
@@ -48,7 +48,7 @@ email = "floss@frequenz.com"
 
 [project.optional-dependencies]
 dev-flake8 = [
-  "flake8 == 7.3.0",
+  "flake8 == 7.4.1",
   "flake8-datetimez == 26.8.1",
   "flake8-docstrings == 1.7.0",
   "flake8-pyproject == 1.2.4", # For reading the flake8 config from pyproject.toml
@@ -58,7 +58,7 @@ dev-flake8 = [
 dev-formatting = ["black == 26.5.1", "isort == 9.0.1"]
 dev-mkdocs = [
   "black == 26.5.1",
-  "Markdown==3.10.3",
+  "Markdown==3.11",
   "mike == 2.2.0",
   "mkdocs-gen-files == 0.6.1",
   "mkdocs-literate-nav == 0.6.3",
@@ -85,11 +85,11 @@ dev-pylint = [
 dev-pytest = [
   "pytest == 9.1.1",
   "frequenz-repo-config[extra-lint-examples] == 0.19.0",
-  "pytest-mock == 3.15.1",
+  "pytest-mock == 3.16.0",
   "pytest-asyncio == 1.4.0",
   "time-machine == 2.16.0",
   "async-solipsism == 0.9",
-  "hypothesis == 6.165.10",
+  "hypothesis == 6.168.3",
 ]
 dev = [
   "frequenz-sdk[dev-mkdocs,dev-flake8,dev-formatting,dev-mkdocs,dev-mypy,dev-noxfile,dev-pylint,dev-pytest]",