diff --git a/package/timescaledb/timescaledb.hash b/package/timescaledb/timescaledb.hash
index 75396c9164..a2ccc28e29 100644
--- a/package/timescaledb/timescaledb.hash
+++ b/package/timescaledb/timescaledb.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  09496504e78a9896eaf7689929f4fa0ab40dde90d202259aa4dcf6ec32fe528f  timescaledb-2.21.4.tar.gz
+sha256  26575fa9e287a6107a6bf162bacab4932b0df19bee38d28c132f9a2d6591d647  timescaledb-2.23.1.tar.gz
 sha256  0378e0948feefd85f579319c74d6e2b671194037f550c7176ef26649d94c895b  LICENSE
diff --git a/package/timescaledb/timescaledb.mk b/package/timescaledb/timescaledb.mk
index 234420c105..80c2b385aa 100644
--- a/package/timescaledb/timescaledb.mk
+++ b/package/timescaledb/timescaledb.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-TIMESCALEDB_VERSION = 2.21.4
+TIMESCALEDB_VERSION = 2.23.1
 TIMESCALEDB_SITE = $(call github,timescale,timescaledb,$(TIMESCALEDB_VERSION))
 TIMESCALEDB_LICENSE = Apache-2.0
 TIMESCALEDB_LICENSE_FILES = LICENSE