diff --git a/components/google-cloud/Dockerfile b/components/google-cloud/Dockerfile
index c8b8cccff7d..bb00098b464 100644
--- a/components/google-cloud/Dockerfile
+++ b/components/google-cloud/Dockerfile
@@ -44,7 +44,7 @@ RUN pip3 install -U "fsspec>=0.7.4" "gcsfs>=0.6.0" "pandas<=1.3.5" "scikit-learn
 RUN pip3 install -U google-cloud-notebooks
 
 # Install main package
-RUN pip3 install "git+https://github.com/kubeflow/pipelines.git@google-cloud-pipeline-components-2.16.0#egg=google-cloud-pipeline-components&subdirectory=components/google-cloud"
+RUN pip3 install "git+https://github.com/kubeflow/pipelines.git@google-cloud-pipeline-components-2.16.1#egg=google-cloud-pipeline-components&subdirectory=components/google-cloud"
 
 # Note that components can override the container entry ponint.
 ENTRYPOINT ["python3","-m","google_cloud_pipeline_components.container.v1.aiplatform.remote_runner"]
diff --git a/components/google-cloud/RELEASE.md b/components/google-cloud/RELEASE.md
index acdc613185b..aa691855efc 100644
--- a/components/google-cloud/RELEASE.md
+++ b/components/google-cloud/RELEASE.md
@@ -1,7 +1,9 @@
 ## Upcoming release
+## Release 2.16.1
 * Fix to model batch explanation component for Structured Data pipelines; image bump.
 * Add dynamic support for boot_disk_type, boot_disk_size in `preview.custom_job.utils.create_custom_training_job_from_component`.
 * Remove preflight validations temporarily.
+* Apply latest GCPC image vulnerability resolutions (base OS and software updates).
 
 ## Release 2.16.0
 * Updated the Starry Net pipeline's template gallery description, and added dataprep_nan_threshold and dataprep_zero_threshold args to the Starry Net pipeline.
diff --git a/components/google-cloud/docs/source/versions.json b/components/google-cloud/docs/source/versions.json
index 8f41139b439..a6058ba9c5a 100644
--- a/components/google-cloud/docs/source/versions.json
+++ b/components/google-cloud/docs/source/versions.json
@@ -1,4 +1,9 @@
 [
+  {
+  "version": "https://google-cloud-pipeline-components.readthedocs.io/en/google-cloud-pipeline-components-2.16.1",
+  "title": "2.16.1",
+  "aliases": []
+  },
   {
     "version": "https://google-cloud-pipeline-components.readthedocs.io/en/google-cloud-pipeline-components-2.16.0",
     "title": "2.16.0",
diff --git a/components/google-cloud/google_cloud_pipeline_components/version.py b/components/google-cloud/google_cloud_pipeline_components/version.py
index d4f5998c150..545b00629d2 100644
--- a/components/google-cloud/google_cloud_pipeline_components/version.py
+++ b/components/google-cloud/google_cloud_pipeline_components/version.py
@@ -13,4 +13,4 @@
 # limitations under the License.
 """Google Cloud Pipeline Components version."""
 
-__version__ = "2.16.0"
+__version__ = "2.16.1"