diff --git a/CHANGELOG.md b/CHANGELOG.md
index 32abb5c..e3a4cc2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 <a name="Pending Release"></a>
 ## [Pending Release](https://github.com/lightstep/otel-launcher-java/compare/1.4.0...master)
+* Use OpenTelemetry Java API/SDK version 1.5.0
+* Use OpenTelemetry Java Instrumentation version 1.5.3
 
 <a name="1.4.0"></a>
 ## [1.4.0](https://github.com/lightstep/otel-launcher-java/compare/1.2.0...1.4.0)
diff --git a/agent/pom.xml b/agent/pom.xml
index 8493863..8595295 100644
--- a/agent/pom.xml
+++ b/agent/pom.xml
@@ -70,7 +70,7 @@
                     <Agent-Class>com.lightstep.opentelemetry.agent.LightstepBootstrap</Agent-Class>
                     <Premain-Class>com.lightstep.opentelemetry.agent.LightstepBootstrap
                     </Premain-Class>
-                    <Implementation-Version>1.4.0</Implementation-Version>
+                    <Implementation-Version>1.5.3</Implementation-Version>
                     <Can-Redefine-Classes>true</Can-Redefine-Classes>
                     <Can-Retransform-Classes>true</Can-Retransform-Classes>
                   </manifestEntries>
diff --git a/examples/agent/README.md b/examples/agent/README.md
index 0d319e9..e754c95 100644
--- a/examples/agent/README.md
+++ b/examples/agent/README.md
@@ -16,13 +16,13 @@ make run
     <dependency>
         <groupId>io.opentelemetry</groupId>
         <artifactId>opentelemetry-extension-annotations</artifactId>
-        <version>1.4.1</version>
+        <version>1.5.0</version>
     </dependency>
 
     <dependency>
         <groupId>io.opentelemetry</groupId>
         <artifactId>opentelemetry-api</artifactId>
-        <version>1.4.1</version>
+        <version>1.5.0</version>
     </dependency>
     ```
 
diff --git a/examples/agent/pom.xml b/examples/agent/pom.xml
index f4f0652..f1e74dc 100644
--- a/examples/agent/pom.xml
+++ b/examples/agent/pom.xml
@@ -30,12 +30,12 @@
     <dependency>
       <groupId>io.opentelemetry</groupId>
       <artifactId>opentelemetry-extension-annotations</artifactId>
-      <version>1.4.1</version>
+      <version>1.5.0</version>
     </dependency>
     <dependency>
       <groupId>io.opentelemetry</groupId>
       <artifactId>opentelemetry-api</artifactId>
-      <version>1.4.1</version>
+      <version>1.5.0</version>
     </dependency>
   </dependencies>
 
diff --git a/examples/launcher/pom.xml b/examples/launcher/pom.xml
index 86bfe88..63f52aa 100644
--- a/examples/launcher/pom.xml
+++ b/examples/launcher/pom.xml
@@ -22,7 +22,7 @@
     <dependency>
       <groupId>com.lightstep.opentelemetry</groupId>
       <artifactId>opentelemetry-launcher</artifactId>
-      <version>1.2.0</version>
+      <version>1.5.0</version>
     </dependency>
   </dependencies>
 
diff --git a/pom.xml b/pom.xml
index 4afc54c..a68b1f8 100644
--- a/pom.xml
+++ b/pom.xml
@@ -24,8 +24,8 @@
     <maven.compiler.target>1.8</maven.compiler.target>
     <project.build.resourceEncoding>UTF-8</project.build.resourceEncoding>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-    <opentelemetry.version>1.4.1</opentelemetry.version>
-    <opentelemetry.instrumentation.version>1.4.0</opentelemetry.instrumentation.version>
+    <opentelemetry.version>1.5.0</opentelemetry.version>
+    <opentelemetry.instrumentation.version>1.5.3</opentelemetry.instrumentation.version>
     <powermock.version>2.0.7</powermock.version>
     <maven-source-plugin.version>3.2.0</maven-source-plugin.version>
     <maven-javadoc-plugin.version>3.2.0</maven-javadoc-plugin.version>