diff --git a/fips-pom.xml b/fips-pom.xml
index e1ad8d2d..999cd1dd 100644
--- a/fips-pom.xml
+++ b/fips-pom.xml
@@ -4,7 +4,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>com.snowflake</groupId>
     <artifactId>snowpark-fips</artifactId>
-    <version>1.15.0-SNAPSHOT</version>
+    <version>1.16.0-SNAPSHOT</version>
     <name>${project.artifactId}</name>
     <description>Snowflake's DataFrame API</description>
     <url>https://www.snowflake.com/</url>
@@ -77,17 +77,17 @@
         <dependency>
             <groupId>javax.xml.bind</groupId>
             <artifactId>jaxb-api</artifactId>
-            <version>2.2.2</version>
+            <version>2.3.1</version>
         </dependency>
         <dependency>
             <groupId>org.slf4j</groupId>
             <artifactId>slf4j-api</artifactId>
-            <version>2.0.4</version>
+            <version>2.0.16</version>
         </dependency>
         <dependency>
             <groupId>org.slf4j</groupId>
             <artifactId>slf4j-simple</artifactId>
-            <version>2.0.4</version>
+            <version>2.0.16</version>
         </dependency>
         <dependency>
             <groupId>commons-codec</groupId>
diff --git a/java_doc.xml b/java_doc.xml
index e540869e..b0f9574b 100644
--- a/java_doc.xml
+++ b/java_doc.xml
@@ -4,7 +4,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>com.snowflake</groupId>
     <artifactId>snowpark-java</artifactId>
-    <version>1.15.0-SNAPSHOT</version>
+    <version>1.16.0-SNAPSHOT</version>
     <name>${project.artifactId}</name>
     <description>Snowflake's DataFrame API</description>
     <url>https://www.snowflake.com/</url>
diff --git a/pom.xml b/pom.xml
index 8ebc94db..0e575bd9 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>com.snowflake</groupId>
     <artifactId>snowpark</artifactId>
-    <version>1.15.0-SNAPSHOT</version>
+    <version>1.16.0-SNAPSHOT</version>
     <name>${project.artifactId}</name>
     <description>Snowflake's DataFrame API</description>
     <url>https://www.snowflake.com/</url>
@@ -79,17 +79,17 @@
         <dependency>
             <groupId>javax.xml.bind</groupId>
             <artifactId>jaxb-api</artifactId>
-            <version>2.2.2</version>
+            <version>2.3.1</version>
         </dependency>
         <dependency>
             <groupId>org.slf4j</groupId>
             <artifactId>slf4j-api</artifactId>
-            <version>2.0.4</version>
+            <version>2.0.16</version>
         </dependency>
         <dependency>
             <groupId>org.slf4j</groupId>
             <artifactId>slf4j-simple</artifactId>
-            <version>2.0.4</version>
+            <version>2.0.16</version>
         </dependency>
         <dependency>
             <groupId>commons-codec</groupId>