diff --git a/panel/api/pyproject.toml b/panel/api/pyproject.toml
index 7fb7d26..7b78926 100644
--- a/panel/api/pyproject.toml
+++ b/panel/api/pyproject.toml
@@ -9,7 +9,7 @@ dependencies = [
   "bcrypt==4.2.*",
   "sqlalchemy==2.0.*",
   "pymysql==1.1.*",
-  "psycopg[binary]==3.2.*",
+  "psycopg[binary]==3.3.*",
   "docker==7.1.*",
   "python-multipart==0.0.20",
   "pydantic-settings==2.14.*",