diff --git a/CHANGELOG.md b/CHANGELOG.md
index 506e7b1f35f0c..38bf16b7bc698 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -36,6 +36,7 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 - Bump `reactor-netty` from 1.1.21 to 1.1.22 ([#15262](https://github.com/opensearch-project/OpenSearch/pull/15262))
 - Bump `org.apache.kerby:kerb-admin` from 2.0.3 to 2.1.0 ([#15301](https://github.com/opensearch-project/OpenSearch/pull/15301))
 - Bump `com.azure:azure-core-http-netty` from 1.15.1 to 1.15.3 ([#15300](https://github.com/opensearch-project/OpenSearch/pull/15300))
+- Bump `com.gradle.develocity` from 3.17.6 to 3.18 ([#15297](https://github.com/opensearch-project/OpenSearch/pull/15297))
 
 ### Changed
 - Add lower limit for primary and replica batch allocators timeout ([#14979](https://github.com/opensearch-project/OpenSearch/pull/14979))
diff --git a/settings.gradle b/settings.gradle
index ae9f5384be592..b79c2aee135fc 100644
--- a/settings.gradle
+++ b/settings.gradle
@@ -10,7 +10,7 @@
  */
 
 plugins {
-  id "com.gradle.develocity" version "3.17.6"
+  id "com.gradle.develocity" version "3.18"
 }
 
 ext.disableBuildCache = hasProperty('DISABLE_BUILD_CACHE') || System.getenv().containsKey('DISABLE_BUILD_CACHE')