diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9420f78b..9e175df6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,6 +13,7 @@
 * Fix bug in creation of `/dev/char` symlinks by failing operation if kernel modules are not loaded.
 * Add option to load kernel modules when creating device nodes
 * Add option to create device nodes when creating `/dev/char` symlinks
+* Bump CUDA base image version to 12.1.1.
 
 ## v1.13.1
 
diff --git a/versions.mk b/versions.mk
index d4fda6b8..6804e379 100644
--- a/versions.mk
+++ b/versions.mk
@@ -30,7 +30,7 @@ NVIDIA_CONTAINER_RUNTIME_VERSION := 3.14.0
 # Specify the expected libnvidia-container0 version for arm64-based ubuntu builds.
 LIBNVIDIA_CONTAINER0_VERSION := 0.10.0+jetpack
 
-CUDA_VERSION := 12.1.0
+CUDA_VERSION := 12.1.1
 GOLANG_VERSION := 1.20.3
 
 GIT_COMMIT ?= $(shell git describe --match="" --dirty --long --always --abbrev=40 2> /dev/null || echo "")