diff --git a/README.md b/README.md
index d5bf3555..5c7d4fbe 100644
--- a/README.md
+++ b/README.md
@@ -8,9 +8,9 @@ CodeFlare Stack Compatibility Matrix
 
 | Component                    | Version                                                                                           |
 |------------------------------|---------------------------------------------------------------------------------------------------|
-| CodeFlare Operator           | [v1.7.0](https://github.com/project-codeflare/codeflare-operator/releases/tag/v1.7.0)             |
-| CodeFlare-SDK                | [v0.19.1](https://github.com/project-codeflare/codeflare-sdk/releases/tag/v0.19.1)                |
-| AppWrapper                   | [v0.23.0](https://github.com/project-codeflare/appwrapper/releases/tag/v0.23.0)                   |
+| CodeFlare Operator           | [v1.8.0](https://github.com/project-codeflare/codeflare-operator/releases/tag/v1.8.0)             |
+| CodeFlare-SDK                | [v0.20.2](https://github.com/project-codeflare/codeflare-sdk/releases/tag/v0.20.2)                |
+| AppWrapper                   | [v0.24.0](https://github.com/project-codeflare/appwrapper/releases/tag/v0.24.0)                   |
 | KubeRay                      | [v1.1.0](https://github.com/opendatahub-io/kuberay/releases/tag/v1.1.0)                           |
 | Kueue                        | [v0.7.0](https://github.com/opendatahub-io/kueue/releases/tag/v0.7.0)                             |
 <!-- Compatibility Matrix end -->
diff --git a/config/manager/params.env b/config/manager/params.env
index 2efa29e4..9bc685f2 100644
--- a/config/manager/params.env
+++ b/config/manager/params.env
@@ -1,2 +1,2 @@
-codeflare-operator-controller-image=quay.io/opendatahub/codeflare-operator:v1.7.0
+codeflare-operator-controller-image=quay.io/opendatahub/codeflare-operator:v1.8.0
 namespace=opendatahub