diff --git a/helm/superset/Chart.yaml b/helm/superset/Chart.yaml
index 09dd1e723c2ca..1e0b13e3db774 100644
--- a/helm/superset/Chart.yaml
+++ b/helm/superset/Chart.yaml
@@ -22,7 +22,7 @@ maintainers:
   - name: craig-rueda
     email: craig@craigrueda.com
     url: https://github.com/craig-rueda
-version: 0.5.3
+version: 0.5.4
 dependencies:
 - name: postgresql
   version: 10.2.0
diff --git a/helm/superset/values.yaml b/helm/superset/values.yaml
index c843fd18cb551..e5eb9a5b3f4f3 100644
--- a/helm/superset/values.yaml
+++ b/helm/superset/values.yaml
@@ -36,8 +36,8 @@ bootstrapScript: |
   #!/bin/bash
   rm -rf /var/lib/apt/lists/* && \
   pip install \
-    psycopg2==2.8.5 \
-    redis==3.2.1 && \
+    psycopg2-binary==2.9.1 \
+    redis==3.5.3 && \
   if [ ! -f ~/bootstrap ]; then echo "Running Superset with uid {{ .Values.runAsUser }}" > ~/bootstrap; fi
 
 ## The name of the secret which we will use to generate a superset_config.py file
diff --git a/setup.py b/setup.py
index f295ba90cd448..fca83032738e6 100644
--- a/setup.py
+++ b/setup.py
@@ -146,7 +146,7 @@ def get_git_sha() -> str:
         "mysql": ["mysqlclient>=2.1.0, <3"],
         "oracle": ["cx-Oracle>8.0.0, <8.1"],
         "pinot": ["pinotdb>=0.3.3, <0.4"],
-        "postgres": ["psycopg2-binary==2.8.5"],
+        "postgres": ["psycopg2-binary==2.9.1"],
         "presto": ["pyhive[presto]>=0.4.0"],
         "trino": ["sqlalchemy-trino>=0.2"],
         "prophet": ["prophet>=1.0.1, <1.1", "pystan<3.0"],