diff --git a/helmfiles/system.yaml b/helmfiles/system.yaml
index 5f34ccf..c5dc2b7 100644
--- a/helmfiles/system.yaml
+++ b/helmfiles/system.yaml
@@ -154,7 +154,7 @@ releases:
   - name: velero
     chart: vmware-tanzu/velero
     namespace: velero
-    version: 8.5.0
+    version: 8.7.0
     condition: velero.enabled
     inherit:
       - template: common-values-tpl