diff --git a/android/build.gradle b/android/build.gradle
index 0a4f5ec..7b2dd86 100644
--- a/android/build.gradle
+++ b/android/build.gradle
@@ -69,7 +69,7 @@ dependencies {
     implementation 'org.slf4j:slf4j-api:2.0.7'
 
     implementation "org.jetbrains.kotlin:kotlin-stdlib-jdk7:2.1.0"
-    implementation "com.optimizely.ab:android-sdk:5.3.0"
+    implementation "com.optimizely.ab:android-sdk:5.4.0"
     implementation 'com.fasterxml.jackson.core:jackson-databind:2.17.2'
     implementation ('com.google.guava:guava:19.0') {
         exclude group:'com.google.guava', module:'listenablefuture'
diff --git a/ios/optimizely_flutter_sdk.podspec b/ios/optimizely_flutter_sdk.podspec
index 2bd9c5c..01a56df 100644
--- a/ios/optimizely_flutter_sdk.podspec
+++ b/ios/optimizely_flutter_sdk.podspec
@@ -13,7 +13,7 @@ Pod::Spec.new do |s|
   s.source              = { :path => '.' }
   s.source_files        = 'optimizely_flutter_sdk/Sources/optimizely_flutter_sdk/**/*'
   s.dependency 'Flutter'
-  s.dependency 'OptimizelySwiftSDK', '5.4.2'
+  s.dependency 'OptimizelySwiftSDK', '5.5.0'
   s.platform            = :ios, '10.0'
   # Flutter.framework does not contain a i386 slice.
   s.pod_target_xcconfig = { 'DEFINES_MODULE' => 'YES', 'EXCLUDED_ARCHS[sdk=iphonesimulator*]' => 'i386' }
diff --git a/ios/optimizely_flutter_sdk/Package.swift b/ios/optimizely_flutter_sdk/Package.swift
index aa92218..c493fac 100644
--- a/ios/optimizely_flutter_sdk/Package.swift
+++ b/ios/optimizely_flutter_sdk/Package.swift
@@ -13,7 +13,7 @@ let package = Package(
     ],
     dependencies: [
         .package(name: "FlutterFramework", path: "../FlutterFramework"),
-        .package(url: "https://github.com/optimizely/swift-sdk.git", exact: "5.4.2")
+        .package(url: "https://github.com/optimizely/swift-sdk.git", exact: "5.5.0")
     ],
     targets: [
         .target(