diff --git a/bucket/velero.json b/bucket/velero.json
index cce68992f1..451b5d6dce 100644
--- a/bucket/velero.json
+++ b/bucket/velero.json
@@ -1,13 +1,13 @@
 {
-    "version": "1.12.0",
+    "version": "1.12.1",
     "description": "Safely backup, restore and perform disaster recovery, migrate Kubernetes cluster resources and persistent volumes.",
     "homepage": "https://velero.io",
     "license": "Apache-2.0",
     "architecture": {
         "64bit": {
-            "url": "https://github.com/vmware-tanzu/velero/releases/download/v1.12.0/velero-v1.12.0-windows-amd64.tar.gz",
-            "hash": "6e54f51c478257b2caffbb4e92f95fc42650027003c0cd6f7e4c047e412ecd4b",
-            "extract_dir": "velero-v1.12.0-windows-amd64"
+            "url": "https://github.com/vmware-tanzu/velero/releases/download/v1.12.1/velero-v1.12.1-windows-amd64.tar.gz",
+            "hash": "0680dcd52387c8348f5c4c74a7afb0947b9afbf4bca148b055ad5c7303a6e39a",
+            "extract_dir": "velero-v1.12.1-windows-amd64"
         }
     },
     "bin": "velero.exe",