diff --git a/BUILD.md b/BUILD.md
index 25a5b17cec993af88f80f14ba67eb133e3d6725b..6c501cea777601d5ac1618527cafd55a9f5acf6a 100644
--- a/BUILD.md
+++ b/BUILD.md
@@ -113,10 +113,10 @@ virtualenv -p 3.10 venv
 pip install ethos-u-vela
 ```
 
-Next, install a different NumPy version (e.g. 1.21.3)
+Next, install a different NumPy version (e.g. 1.23.0)
 
 ```bash
-pip install numpy==1.21.3 --force
+pip install numpy==1.23.0 --force
 ```
 
 Finally, run ethos-u-vela. You might get an error similar to this:
@@ -137,7 +137,7 @@ then build ethos-u-vela with that specific NumPy version:
 1) Uninstall ethos-u-vela and install the desired version of NumPy
    ```
    pip uninstall ethos-u-vela
-   pip install numpy==1.21.3 --force
+   pip install numpy==1.23.0 --force
    ```
 
 2) Install required build dependencies
diff --git a/pyproject.toml b/pyproject.toml
index 52cb971788fcd03bce279f3d1e1abee116f83c74..233c073c87f1ce4c2e1792fbbadccc8853b49ef3 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -37,7 +37,7 @@ keywords = ["ethos-u", "vela compiler", "tflite", "npu"]
 # Third-party dependency versions are restricted based upon compatibility and security concerns.
 dependencies = [
     "flatbuffers==24.3.25",
-    "numpy>=1.17.0",
+    "numpy>=1.23.0",
     "lxml>=4.5.2"
 ]
 dynamic = ["readme", "version"]
@@ -61,7 +61,7 @@ vela = "ethosu.vela.vela:main"
 requires = [
     "setuptools >= 42",
     "wheel",
-    "numpy>=1.17.0",
+    "numpy>=1.23.0",
     "setuptools_scm[toml]~=7.1.0",
     "cmake >= 3.16.3"
 ]