diff --git a/.github/workflows/test_generated_app.yml b/.github/workflows/test_generated_app.yml
index 71899587..5e5449d6 100644
--- a/.github/workflows/test_generated_app.yml
+++ b/.github/workflows/test_generated_app.yml
@@ -9,9 +9,9 @@ env:
   DOCKER_REGISTRY_HOST: ${{ secrets.DOCKER_REGISTRY_HOST }}
   DOCKER_REGISTRY_USERNAME: ${{ github.repository_owner }}
   DOCKER_REGISTRY_TOKEN: ${{ secrets.DOCKER_REGISTRY_TOKEN }}
-  RUBY_VERSION: 3.2.2
-  NODE_VERSION: 18
-  RAILS_VERSION: 7.1.2
+  RUBY_VERSION: 3.3.1
+  NODE_VERSION: 22
+  RAILS_VERSION: 7.1.3
 
 concurrency:
   group: ${{ github.workflow }}-${{ github.ref }}
diff --git a/.github/workflows/test_production_build.yml b/.github/workflows/test_production_build.yml
index 362c9655..5e02e0c2 100644
--- a/.github/workflows/test_production_build.yml
+++ b/.github/workflows/test_production_build.yml
@@ -6,9 +6,9 @@ env:
   APP_NAME: rails-templates
   DOCKER_IMAGE: ${{ github.repository }}
   DOCKER_REGISTRY_HOST: ${{ secrets.DOCKER_REGISTRY_HOST }}
-  RUBY_VERSION: 3.2.2
-  NODE_VERSION: 18
-  RAILS_VERSION: 7.1.2
+  RUBY_VERSION: 3.3.1
+  NODE_VERSION: 22
+  RAILS_VERSION: 7.1.3
 
 concurrency:
   group: ${{ github.workflow }}-${{ github.ref }}
diff --git a/.github/workflows/test_template.yml b/.github/workflows/test_template.yml
index 37ceb327..73abfa1f 100644
--- a/.github/workflows/test_template.yml
+++ b/.github/workflows/test_template.yml
@@ -3,7 +3,7 @@ name: Test the codebase of the template
 on: push
 
 env:
-  RUBY_VERSION: 3.2.2
+  RUBY_VERSION: 3.3.1
 
 concurrency:
   group: ${{ github.workflow }}-${{ github.ref }}
diff --git a/.template/addons/docker/docker-compose.dev.yml.tt b/.template/addons/docker/docker-compose.dev.yml.tt
index d6096c45..092f6857 100644
--- a/.template/addons/docker/docker-compose.dev.yml.tt
+++ b/.template/addons/docker/docker-compose.dev.yml.tt
@@ -1,4 +1,4 @@
-version: '3.2'
+version: '3.8'
 
 services:
   db:
diff --git a/.template/addons/docker/docker-compose.test.yml.tt b/.template/addons/docker/docker-compose.test.yml.tt
index cb83d3f4..ad14ba96 100644
--- a/.template/addons/docker/docker-compose.test.yml.tt
+++ b/.template/addons/docker/docker-compose.test.yml.tt
@@ -1,4 +1,4 @@
-version: '3.2'
+version: '3.8'
 
 services:
   db:
diff --git a/.template/addons/docker/docker-compose.yml.tt b/.template/addons/docker/docker-compose.yml.tt
index 0957e933..570afa4f 100644
--- a/.template/addons/docker/docker-compose.yml.tt
+++ b/.template/addons/docker/docker-compose.yml.tt
@@ -1,4 +1,4 @@
-version: '3.2'
+version: '3.8'
 
 services:
   db:
@@ -6,6 +6,7 @@ services:
     container_name: <%= CONTAINERIZED_APP_NAME %>-db
     environment:
       - POSTGRES_DB=<%= APP_NAME %>_production
+      - POSTGRES_PASSWORD=postgres
     ports:
       - "5432:5432"
 
diff --git a/.template/addons/semaphore/.semaphore/README.md.tt b/.template/addons/semaphore/.semaphore/README.md.tt
deleted file mode 100644
index b7459b1e..00000000
--- a/.template/addons/semaphore/.semaphore/README.md.tt
+++ /dev/null
@@ -1,49 +0,0 @@
-# Semaphore CI 2.0
-
-## Requirements:
-
-- Install [Semaphore CLI](https://docs.semaphoreci.com/reference/sem-command-line-tool/)
-
-## Setup the CI
-
-### Secrets
-
-Setup the following secrets in order to run the pipeline:
-
-Secret name: `<%= APP_NAME %>`
-
-- DOCKER_REGISTRY_HOST
-- DOCKER_REGISTRY_USERNAME
-- DOCKER_REGISTRY_TOKEN
-- HEROKU_API_KEY
-
-### Deployment dashboard
-
-After the project is created on Semaphore CI (on first push),
-use the sem CLI to create the deployment dashboard.
-
-```
-# Get the project id
-> sem get project <%= APP_NAME %>
-
-# Create the deployment dashboard
-> sem create dashboard <%= APP_NAME %>
-> sem edit dashboard <%= APP_NAME %>
-```
-
-Configure the widgets to show the deployment pipelines
-
-```
-spec:
-  widgets:
-  - name: Production
-    type: list_pipelines
-    filters:
-      pipeline_file: .semaphore/promotion-production.yml
-      project_id: <project_id>
-  - name: Staging
-    type: list_pipelines
-    filters:
-      pipeline_file: .semaphore/promotion-staging.yml
-      project_id: <project_id>
-```
diff --git a/.template/addons/semaphore/.semaphore/promotion-production.yml.tt b/.template/addons/semaphore/.semaphore/promotion-production.yml.tt
deleted file mode 100644
index 188cbbb5..00000000
--- a/.template/addons/semaphore/.semaphore/promotion-production.yml.tt
+++ /dev/null
@@ -1,42 +0,0 @@
-version: v1.0
-
-name: <%= APP_NAME_HUMANIZED %> Production
-agent:
-  machine:
-    type: e1-standard-2
-    os_image: ubuntu1804
-
-global_job_config:
-  env_vars:
-    - name: HEROKU_APP
-      value: <%= APP_NAME %>-production
-    - name: DOCKER_IMAGE
-      value: <%= DOCKER_IMAGE %>
-  secrets:
-    - name: <%= APP_NAME %>
-  prologue:
-    commands:
-      - checkout
-      - echo "$DOCKER_REGISTRY_TOKEN" | docker login $DOCKER_REGISTRY_HOST --username=$DOCKER_REGISTRY_USERNAME --password-stdin
-      - export BRANCH_TAG=${SEMAPHORE_GIT_BRANCH/\//-}
-
-blocks:
-  - name: Build
-    task:
-      jobs:
-        - name: Build
-          commands:
-            - bin/docker-prepare
-            - docker compose build
-            - docker compose push web
-
-  - name: Deploy
-    task:
-      prologue:
-        commands:
-          - heroku container:login
-      jobs:
-        - name: Heroku
-          commands:
-            - heroku container:push --arg DOCKER_REGISTRY_HOST=$DOCKER_REGISTRY_HOST,DOCKER_IMAGE=$DOCKER_IMAGE,BRANCH_TAG=$BRANCH_TAG --recursive
-            - heroku container:release web worker
diff --git a/.template/addons/semaphore/.semaphore/promotion-staging.yml.tt b/.template/addons/semaphore/.semaphore/promotion-staging.yml.tt
deleted file mode 100644
index ee100af3..00000000
--- a/.template/addons/semaphore/.semaphore/promotion-staging.yml.tt
+++ /dev/null
@@ -1,42 +0,0 @@
-version: v1.0
-
-name: <%= APP_NAME_HUMANIZED %> Staging
-agent:
-  machine:
-    type: e1-standard-2
-    os_image: ubuntu1804
-
-global_job_config:
-  env_vars:
-    - name: HEROKU_APP
-      value: <%= APP_NAME %>-staging
-    - name: DOCKER_IMAGE
-      value: <%= DOCKER_IMAGE %>
-  secrets:
-    - name: <%= APP_NAME %>
-  prologue:
-    commands:
-      - checkout
-      - echo "$DOCKER_REGISTRY_TOKEN" | docker login $DOCKER_REGISTRY_HOST --username=$DOCKER_REGISTRY_USERNAME --password-stdin
-      - export BRANCH_TAG=${SEMAPHORE_GIT_BRANCH/\//-}
-
-blocks:
-  - name: Build
-    task:
-      jobs:
-        - name: Build
-          commands:
-            - bin/docker-prepare
-            - docker compose build
-            - docker compose push web
-
-  - name: Deploy
-    task:
-      prologue:
-        commands:
-          - heroku container:login
-      jobs:
-        - name: Heroku
-          commands:
-            - heroku container:push --arg DOCKER_REGISTRY_HOST=$DOCKER_REGISTRY_HOST,DOCKER_IMAGE=$DOCKER_IMAGE,BRANCH_TAG=$BRANCH_TAG --recursive
-            - heroku container:release web worker
diff --git a/.template/addons/semaphore/.semaphore/semaphore.yml.tt b/.template/addons/semaphore/.semaphore/semaphore.yml.tt
deleted file mode 100644
index caa42592..00000000
--- a/.template/addons/semaphore/.semaphore/semaphore.yml.tt
+++ /dev/null
@@ -1,70 +0,0 @@
-version: v1.0
-
-name: <%= APP_NAME_HUMANIZED %>
-agent:
-  machine:
-    type: e1-standard-2
-    os_image: ubuntu1804
-auto_cancel:
-  running:
-    when: "branch != 'main'"
-
-global_job_config:
-  env_vars:
-    - name: COMPOSE_FILE
-      value: docker-compose.test.yml
-  secrets:
-    - name: <%= APP_NAME %>
-  prologue:
-    commands:
-      - checkout
-      - export BRANCH_TAG=${SEMAPHORE_GIT_BRANCH/\//-}
-      - echo "$DOCKER_REGISTRY_TOKEN" | docker login $DOCKER_REGISTRY_HOST --username=$DOCKER_REGISTRY_USERNAME --password-stdin
-
-blocks:
-  - name: Build
-    task:
-      jobs:
-        - name: Build
-          commands:
-            - >-
-              if ([ $SEMAPHORE_GIT_BRANCH != 'main' ] && [ $SEMAPHORE_GIT_BRANCH != 'development' ]);
-                then (echo "Pulling built image for the branch"; docker compose pull test || true);
-                else (echo "Skipping docker pull");
-              fi || true
-            - bin/docker-prepare
-            - docker compose build
-            - docker compose push test
-
-  - name: Tests
-    task:
-      prologue:
-        commands:
-          - docker compose pull
-      jobs:
-        - name: Linters
-          commands:
-            - docker compose run test yarn lint
-        - name: Nginx configuration validate
-          commands:
-            - docker compose run test nginx -c /etc/nginx/conf.d/default.conf -t
-        - name: Unit tests
-          commands:
-            - docker compose run test bundle exec rspec --exclude-pattern "spec/systems/**/*_spec.rb" --profile --format progress
-        - name: System tests
-          commands:
-            - docker compose run test bundle exec rspec spec/systems --profile --format progress
-      epilogue:
-        on_fail:
-          commands:
-            - artifact push job tmp/screenshots
-
-promotions:
-  - name: Staging
-    pipeline_file: promotion-staging.yml
-    auto_promote:
-      when: "branch = 'development' AND result = 'passed'"
-  - name: Production
-    pipeline_file: promotion-production.yml
-    auto_promote:
-      when: "branch = 'main' AND result = 'passed'"
diff --git a/.template/addons/semaphore/template.rb b/.template/addons/semaphore/template.rb
deleted file mode 100644
index 263e4e32..00000000
--- a/.template/addons/semaphore/template.rb
+++ /dev/null
@@ -1,5 +0,0 @@
-# frozen_string_literal: true
-
-use_source_path __dir__
-
-directory '.semaphore'
diff --git a/.tool-versions b/.tool-versions
index df6fb92d..3403b199 100644
--- a/.tool-versions
+++ b/.tool-versions
@@ -1,2 +1,2 @@
 nodejs >= 18
-ruby 3.2.2
+ruby 3.3.1
diff --git a/Gemfile.tt b/Gemfile.tt
index 07c0a5c9..12ca9d68 100644
--- a/Gemfile.tt
+++ b/Gemfile.tt
@@ -2,7 +2,7 @@ source 'https://rubygems.org'
 ruby '<%= RUBY_VERSION %>'
 
 # Backend
-gem 'rails', '7.1.2' # Latest stable
+gem 'rails', '~> 7.1' # Latest stable
 gem 'pg' # Use Postgresql as database
 gem 'puma' # Use Puma as the app server
 gem 'mini_magick' # A ruby wrapper for ImageMagick or GraphicsMagick command line
@@ -53,7 +53,7 @@ group :development, :test do
   # Code Analysis
   gem 'bullet' # help to kill N+1 queries and unused eager loading
   gem 'brakeman', require: false # A static analysis security vulnerability scanner for Ruby on Rails applications
-  gem 'parser', '3.2.2.3' # Use correct parser version to avoid parser warnings
+  gem 'parser', '~> 3.3' # Use correct parser version to avoid parser warnings
   gem 'rubocop', require: false # A Ruby static code analyzer and formatter, based on the community Ruby style guide.
   gem 'rubocop-rails', require: false # A RuboCop extension focused on enforcing Rails best practices and coding conventions.
   gem 'rubocop-rspec', require: false # Code style checking for RSpec files
diff --git a/README.md b/README.md
index ef8ec384..acc90cfc 100644
--- a/README.md
+++ b/README.md
@@ -16,9 +16,9 @@ with building complex applications over the years.
 
 ### Requirements
 
-- Install ruby and set your local ruby version to `3.2.2`
-- Install rails `7.1.2`
-- Install node `18.19.0` (For creating web application)
+- Install ruby and set your local ruby version to `3.3.1`
+- Install rails `7.1.3`
+- Install node `22.1.0` (For creating web application)
 
 > 📝 If running on Apple M1, to build docker image, please make sure to set platform to AMD64 by `export DOCKER_DEFAULT_PLATFORM=linux/amd64`
 
@@ -49,7 +49,6 @@ Available Addons:
 - `docker`
 - `nginx`
 - `phrase`
-- `semaphore`
 - `bootstrap`
 - `slim`
 - `devise`
diff --git a/template.rb b/template.rb
index 0b6690c5..d7d75df3 100644
--- a/template.rb
+++ b/template.rb
@@ -9,9 +9,9 @@
 APP_NAME_HUMANIZED = app_name.split(/[-_]/).map(&:capitalize).join(' ').gsub(/ Web$/, '')
 DOCKER_REGISTRY_HOST = 'docker.io'
 DOCKER_IMAGE = "nimblehq/#{CONTAINERIZED_APP_NAME}".freeze
-RUBY_VERSION = '3.2.2'
-POSTGRES_VERSION = '15.2'
-REDIS_VERSION = '6.2.7'
+RUBY_VERSION = '3.3.1'
+POSTGRES_VERSION = '16.3'
+REDIS_VERSION = '7.0.9'
 # Variants
 API_VARIANT = options[:api] || ENV['API'] == 'true'
 WEB_VARIANT = !API_VARIANT
@@ -22,8 +22,8 @@
 }.freeze
 
 if WEB_VARIANT
-  NODE_VERSION = '18.19.0'
-  NODE_SOURCE_VERSION = '18' # Used in Dockerfile https://github.com/nodesource/distributions
+  NODE_VERSION = '22.1.0'
+  NODE_SOURCE_VERSION = '22' # Used in Dockerfile https://github.com/nodesource/distributions
 end
 
 def apply_template!(template_root)
@@ -95,7 +95,6 @@ def ask_for_all_variant_addons
   @install_github_action = yes?(install_addon_prompt('Github Action and Wiki'))
   @install_openapi = API_VARIANT || yes?(install_addon_prompt('OpenAPI'))
   @install_mock_server = @install_openapi && yes?(install_addon_prompt('Mock Server'))
-  @install_semaphore = yes?(install_addon_prompt('SemaphoreCI'))
   @install_nginx = yes?(install_addon_prompt('Nginx'))
   @install_phrase = yes?(install_addon_prompt('Phrase'))
   @install_crud = WEB_VARIANT && yes?(install_addon_prompt('Crud (includes Devise, Bootstrap and Slim)'))
@@ -112,7 +111,6 @@ def ask_for_web_variant_addons
 def apply_optional_addons
   apply '.template/addons/github/template.rb' if @install_github_action
   apply '.template/addons/openapi/template.rb' if @install_openapi
-  apply '.template/addons/semaphore/template.rb' if @install_semaphore
   apply '.template/addons/nginx/template.rb' if @install_nginx
   apply '.template/addons/phrase/template.rb' if @install_phrase
   apply '.template/addons/devise/template.rb' if @install_devise