diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index 3aa96ae3e..7ec26ec21 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -2,7 +2,7 @@ plugins {
   `java-platform`
 }
 
-val otelVersion = "1.29.0"
+val otelVersion = "1.30.1"
 val otelAlphaVersion = otelVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
 val otelInstrumentationVersion = "1.30.0-SNAPSHOT"
 val otelInstrumentationAlphaVersion =  otelInstrumentationVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
diff --git a/licenses/licenses.md b/licenses/licenses.md
index d5bfcacd9..d2cd03b8f 100644
--- a/licenses/licenses.md
+++ b/licenses/licenses.md
@@ -1,7 +1,7 @@
 
 # splunk-otel-javaagent
 ## Dependency License Report
-_2023-09-12 19:27:14 EEST_
+_2023-09-12 20:46:57 EEST_
 ## Apache License, Version 2.0
 
 **1** **Group:** `com.fasterxml.jackson.core` **Name:** `jackson-core` **Version:** `2.15.2` 
@@ -82,63 +82,63 @@ _2023-09-12 19:27:14 EEST_
 > - **Embedded license files**: [micrometer-registry-signalfx-1.11.4.jar/META-INF/LICENSE](micrometer-registry-signalfx-1.11.4.jar/META-INF/LICENSE) 
     - [micrometer-registry-signalfx-1.11.4.jar/META-INF/NOTICE](micrometer-registry-signalfx-1.11.4.jar/META-INF/NOTICE)
 
-**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.29.0` 
+**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**17** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-events` **Version:** `1.29.0-alpha` 
+**17** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-events` **Version:** `1.30.1-alpha` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**18** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.29.0` 
+**18** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**19** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.29.0` 
+**19** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**20** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.29.0` 
+**20** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**21** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.29.0` 
+**21** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**22** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.29.0` 
+**22** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**23** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-incubator` **Version:** `1.29.0-alpha` 
+**23** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-incubator` **Version:** `1.30.1-alpha` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**24** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.29.0` 
+**24** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**25** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.29.0` 
+**25** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**26** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.29.0` 
+**26** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**27** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.29.0` 
+**27** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**28** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.29.0` 
+**28** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**29** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.29.0` 
+**29** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.30.1` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**30** **Group:** `io.opentelemetry` **Name:** `opentelemetry-semconv` **Version:** `1.29.0-alpha` 
+**30** **Group:** `io.opentelemetry` **Name:** `opentelemetry-semconv` **Version:** `1.30.1-alpha` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)