diff --git a/dependencies/cmsis b/dependencies/cmsis
index 72cdcc5..1fab318 160000
--- a/dependencies/cmsis
+++ b/dependencies/cmsis
@@ -1 +1 @@
-Subproject commit 72cdcc54902bf702f79c91e8ab172e28ac568f3e
+Subproject commit 1fab31865cd538f12d1f74b760939404771603e3
diff --git a/dependencies/core-software b/dependencies/core-software
index eb91239..02856bd 160000
--- a/dependencies/core-software
+++ b/dependencies/core-software
@@ -1 +1 @@
-Subproject commit eb912395c25fbdeef4f322d7aea9226578228184
+Subproject commit 02856bdd80f0ed52d09dd2fea450e61eb02372d6
diff --git a/dependencies/tensorflow b/dependencies/tensorflow
index 1a23ad6..f75696c 160000
--- a/dependencies/tensorflow
+++ b/dependencies/tensorflow
@@ -1 +1 @@
-Subproject commit 1a23ad6adf007ad6ef3826523f41ff43fb686a13
+Subproject commit f75696cb9e7e5cc06761af2a83f7df0e5e975363
diff --git a/docs/quick_start.md b/docs/quick_start.md
index fc48149..d892ab1 100644
--- a/docs/quick_start.md
+++ b/docs/quick_start.md
@@ -63,7 +63,7 @@
 python3 -m venv env
 env/bin/python3 -m pip install --upgrade pip
 env/bin/python3 -m pip install --upgrade setuptools
-env/bin/python3 -m pip install ethos-u-vela==3.1.0
+env/bin/python3 -m pip install ethos-u-vela==3.2.0
 cd ..
 
 curl -L https://github.com/ARM-software/ML-zoo/raw/7c32b097f7d94aae2cd0b98a8ed5a3ba81e66b18/models/anomaly_detection/micronet_medium/tflite_int8/ad_medium_int8.tflite \
diff --git a/download_dependencies.py b/download_dependencies.py
index ee8ed54..45f68be 100755
--- a/download_dependencies.py
+++ b/download_dependencies.py
@@ -25,10 +25,10 @@
 from urllib.request import urlopen
 from zipfile import ZipFile
 
-tf = "https://github.com/tensorflow/tflite-micro/archive/1a23ad6adf007ad6ef3826523f41ff43fb686a13.zip"
-cmsis = "https://github.com/ARM-software/CMSIS_5/archive/72cdcc54902bf702f79c91e8ab172e28ac568f3e.zip"
-ethos_u_core_sw = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-software.git/snapshot/ethos-u-core-software-21.11-rc2.tar.gz"
-ethos_u_core_driver = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-driver.git/snapshot/ethos-u-core-driver-21.11-rc2.tar.gz"
+tf = "https://github.com/tensorflow/tflite-micro/archive/f75696cb9e7e5cc06761af2a83f7df0e5e975363.zip"
+cmsis = "https://github.com/ARM-software/CMSIS_5/archive/1fab31865cd538f12d1f74b760939404771603e3.zip"
+ethos_u_core_sw = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-software.git/snapshot/ethos-u-core-software-21.11.tar.gz"
+ethos_u_core_driver = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-driver.git/snapshot/ethos-u-core-driver-21.11.tar.gz"
 
 
 def download(url_file: str, post_process=None):
diff --git a/release_notes.txt b/release_notes.txt
index aaa9151..93d1f66 100644
--- a/release_notes.txt
+++ b/release_notes.txt
@@ -1,5 +1,5 @@
 Changes in 21.11
-    * Support for 21.08 Ethos-U component and dependencies (core-software, core-driver, Vela 3.1.0, CMSIS, TensorFlow Lite).
+    * Support for 21.11 Ethos-U component and dependencies (core-software, core-driver, Vela 3.2.0, CMSIS, TensorFlow Lite).
     * Added dynamic load support for FVP for inference runner use-case.
     * Added support for different memory modes: Shared_Sram, Dedicated_Sram and Sram_Only.
     * Added Noise Reduction use case.
diff --git a/set_up_default_resources.py b/set_up_default_resources.py
index f364795..973c423 100755
--- a/set_up_default_resources.py
+++ b/set_up_default_resources.py
@@ -233,7 +233,7 @@
             call_command(command)
         os.chdir(current_file_dir)
     # 1.3 Make sure to have all the requirement
-    requirements = ["ethos-u-vela==3.1.0"]
+    requirements = ["ethos-u-vela==3.2.0"]
     command = f"{env_python} -m pip freeze"
     packages = call_command(command)
     for req in requirements: