diff --git a/GITALY_SERVER_VERSION b/GITALY_SERVER_VERSION
index 62d572c550a3bb02c9b1869dba91a761dffa65f8..35310f489d4fe8a3bca6c89c9e188047a94b4c81 100644
--- a/GITALY_SERVER_VERSION
+++ b/GITALY_SERVER_VERSION
@@ -1 +1 @@
-e02b0d67e48ed5a4493b073c9836d376a780f34d
+7055518ce76486791c3450a8a47b673891b6e2d6
diff --git a/Gemfile b/Gemfile
index 786fdadd157bd8cdd4ad54f0cad9af81fbcfdbf3..c80163de909ca9e0fc59298ba3ee1425d65b7dbb 100644
--- a/Gemfile
+++ b/Gemfile
@@ -313,7 +313,7 @@ gem 'pg_query', '~> 2.1'
 gem 'premailer-rails', '~> 1.10.3'
 
 # LabKit: Tracing and Correlation
-gem 'gitlab-labkit', '~> 0.21.1'
+gem 'gitlab-labkit', '~> 0.21.3'
 # Thrift is a dependency of gitlab-labkit, we want a version higher than 0.14.0
 # because of https://gitlab.com/gitlab-org/gitlab/-/issues/321900
 gem 'thrift', '>= 0.14.0'
@@ -485,14 +485,14 @@ end
 gem 'spamcheck', '~> 0.1.0'
 
 # Gitaly GRPC protocol definitions
-gem 'gitaly', '~> 14.4.0.pre.rc43'
+gem 'gitaly', '~> 14.6.0.pre.rc1'
 
 # KAS GRPC protocol definitions
 gem 'kas-grpc', '~> 0.0.2'
 
-gem 'grpc', '~> 1.30.2'
+gem 'grpc', '~> 1.42.0'
 
-gem 'google-protobuf', '~> 3.17.1'
+gem 'google-protobuf', '~> 3.19.0'
 
 gem 'toml-rb', '~> 2.0'
 
diff --git a/Gemfile.lock b/Gemfile.lock
index 238228f13fc3afa163fafd95221fcdcd3961aafa..2a54b7aaaec96bd37f8fe6f1cc8a73b612f47ccb 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -452,7 +452,7 @@ GEM
       rails (>= 3.2.0)
     git (1.7.0)
       rchardet (~> 1.8)
-    gitaly (14.4.0.pre.rc43)
+    gitaly (14.6.0.pre.rc1)
       grpc (~> 1.0)
     github-markup (1.7.0)
     gitlab (4.16.1)
@@ -474,10 +474,10 @@ GEM
       fog-json (~> 1.2.0)
       mime-types
       ms_rest_azure (~> 0.12.0)
-    gitlab-labkit (0.21.1)
+    gitlab-labkit (0.21.3)
       actionpack (>= 5.0.0, < 7.0.0)
       activesupport (>= 5.0.0, < 7.0.0)
-      grpc (~> 1.30.2)
+      grpc (>= 1.37)
       jaeger-client (~> 1.1)
       opentracing (~> 0.4)
       pg_query (~> 2.1)
@@ -531,8 +531,8 @@ GEM
       signet (~> 0.12)
     google-cloud-env (1.5.0)
       faraday (>= 0.17.3, < 2.0)
-    google-protobuf (3.17.3)
-    googleapis-common-protos-types (1.1.0)
+    google-protobuf (3.19.1)
+    googleapis-common-protos-types (1.3.0)
       google-protobuf (~> 3.14)
     googleauth (0.14.0)
       faraday (>= 0.17.3, < 2.0)
@@ -580,8 +580,8 @@ GEM
       graphql (~> 1.6)
       html-pipeline (~> 2.8)
       sass (~> 3.4)
-    grpc (1.30.2)
-      google-protobuf (~> 3.12)
+    grpc (1.42.0)
+      google-protobuf (~> 3.18)
       googleapis-common-protos-types (~> 1.0)
     gssapi (1.2.0)
       ffi (>= 1.0.1)
@@ -1473,13 +1473,13 @@ DEPENDENCIES
   gettext (~> 3.3)
   gettext_i18n_rails (~> 1.8.0)
   gettext_i18n_rails_js (~> 1.3)
-  gitaly (~> 14.4.0.pre.rc43)
+  gitaly (~> 14.6.0.pre.rc1)
   github-markup (~> 1.7.0)
   gitlab-chronic (~> 0.10.5)
   gitlab-dangerfiles (~> 2.6.1)
   gitlab-experiment (~> 0.6.5)
   gitlab-fog-azure-rm (~> 1.2.0)
-  gitlab-labkit (~> 0.21.1)
+  gitlab-labkit (~> 0.21.3)
   gitlab-license (~> 2.0)
   gitlab-license_finder (~> 6.0)
   gitlab-mail_room (~> 0.0.9)
@@ -1492,7 +1492,7 @@ DEPENDENCIES
   gitlab_omniauth-ldap (~> 2.1.1)
   gon (~> 6.4.0)
   google-api-client (~> 0.33)
-  google-protobuf (~> 3.17.1)
+  google-protobuf (~> 3.19.0)
   gpgme (~> 2.0.19)
   grape (~> 1.5.2)
   grape-entity (~> 0.10.0)
@@ -1502,7 +1502,7 @@ DEPENDENCIES
   graphlient (~> 0.4.0)
   graphql (~> 1.11.10)
   graphql-docs (~> 1.6.0)
-  grpc (~> 1.30.2)
+  grpc (~> 1.42.0)
   gssapi
   guard-rspec
   haml_lint (~> 0.36.0)