diff --git a/semgrep.yaml b/semgrep.yaml
index bb7bf0594ab..612329e561b 100644
--- a/semgrep.yaml
+++ b/semgrep.yaml
@@ -1,6 +1,6 @@
 package:
   name: semgrep
-  version: "1.116.0"
+  version: "1.117.0"
   epoch: 0
   description: "Lightweight static analysis for many languages. Find bug variants with patterns that look like source code."
   copyright:
@@ -11,7 +11,7 @@ package:
 
 vars:
   # Current ocaml version used by upstream can be found https://github.com/semgrep/semgrep/blob/v${{package.version}}/Dockerfile#L114
-  ocaml_version: 5.2.1
+  ocaml_version: 5.3.0
 
 environment:
   contents:
@@ -51,7 +51,7 @@ pipeline:
     with:
       repository: https://github.com/returntocorp/semgrep
       tag: v${{package.version}}
-      expected-commit: 012bdf7c662bab4a72a3d39c6bf8a32e9ef3038e
+      expected-commit: 7f75347b325af9682a993f35fb0f106b4e4f43ae
       recurse-submodules: true
 
   - name: Setup and build