diff --git a/stable/ambassador/Chart.yaml b/stable/ambassador/Chart.yaml
index 4c53035107..e0f4aaaf65 100644
--- a/stable/ambassador/Chart.yaml
+++ b/stable/ambassador/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v1
-appVersion: 0.52.0
+appVersion: 0.53.1
 description: A Helm chart for Datawire Ambassador
 name: ambassador
-version: 2.0.1
+version: 2.0.2
 icon: https://www.getambassador.io/images/logo.png
 home: https://www.getambassador.io/
 sources:
diff --git a/stable/ambassador/README.md b/stable/ambassador/README.md
index 45ddbdfb89..b0ee079014 100755
--- a/stable/ambassador/README.md
+++ b/stable/ambassador/README.md
@@ -52,7 +52,7 @@ The following tables lists the configurable parameters of the Ambassador chart a
 | `env`                              | Any additional environment variables for ambassador pods                        | `{}`                          |
 | `image.pullPolicy`                 | Image pull policy                                                               | `IfNotPresent`                |
 | `image.repository`                 | Image                                                                           | `quay.io/datawire/ambassador` |
-| `image.tag`                        | Image tag                                                                       | `0.52.0`                      |
+| `image.tag`                        | Image tag                                                                       | `0.53.1`                      |
 | `imagePullSecrets`                 | Image pull secrets                                                              | `[]`                          |
 | `namespace.name`                   | Set the `AMBASSADOR_NAMESPACE` environment variable                             | `metadata.namespace`          |
 | `podAnnotations`                   | Additional annotations for ambassador pods                                      | `{}`                          |
diff --git a/stable/ambassador/values.yaml b/stable/ambassador/values.yaml
index 351e116077..15c7655890 100644
--- a/stable/ambassador/values.yaml
+++ b/stable/ambassador/values.yaml
@@ -32,7 +32,7 @@ securityContext:
 
 image:
   repository: quay.io/datawire/ambassador
-  tag: 0.52.0
+  tag: 0.53.1
   pullPolicy: IfNotPresent
 
 nameOverride: ""