diff --git a/package.json b/package.json
index a9297cb934d..754dd2d93be 100644
--- a/package.json
+++ b/package.json
@@ -412,7 +412,7 @@
     "symbol-observable": "4.0.0",
     "test": "link:./public/test",
     "tether-drop": "https://github.com/torkelo/drop",
-    "tinycolor2": "1.4.2",
+    "tinycolor2": "1.6.0",
     "tslib": "2.4.1",
     "tween-functions": "^1.2.0",
     "uplot": "1.6.24",
diff --git a/packages/grafana-data/package.json b/packages/grafana-data/package.json
index 77ecb8c34b2..ab4421cea18 100644
--- a/packages/grafana-data/package.json
+++ b/packages/grafana-data/package.json
@@ -52,7 +52,7 @@
     "react-use": "17.4.0",
     "regenerator-runtime": "0.13.10",
     "rxjs": "7.8.0",
-    "tinycolor2": "1.4.2",
+    "tinycolor2": "1.6.0",
     "tslib": "2.4.1",
     "uplot": "1.6.24",
     "xss": "1.0.14"
diff --git a/packages/grafana-ui/package.json b/packages/grafana-ui/package.json
index c6adf9347a1..3fbdc850970 100644
--- a/packages/grafana-ui/package.json
+++ b/packages/grafana-ui/package.json
@@ -107,7 +107,7 @@
     "slate": "0.47.9",
     "slate-plain-serializer": "0.7.13",
     "slate-react": "0.22.10",
-    "tinycolor2": "1.4.2",
+    "tinycolor2": "1.6.0",
     "tslib": "2.4.1",
     "uplot": "1.6.24",
     "uuid": "9.0.0"
diff --git a/yarn.lock b/yarn.lock
index ae12e888523..3d7bc6d0161 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4888,7 +4888,7 @@ __metadata:
     rollup-plugin-node-externals: ^5.0.0
     rxjs: 7.8.0
     sinon: 14.0.1
-    tinycolor2: 1.4.2
+    tinycolor2: 1.6.0
     tslib: 2.4.1
     typescript: 4.8.4
     uplot: 1.6.24
@@ -5402,7 +5402,7 @@ __metadata:
     storybook-addon-turbo-build: 1.1.0
     storybook-dark-mode: 2.0.4
     style-loader: 3.3.1
-    tinycolor2: 1.4.2
+    tinycolor2: 1.6.0
     tslib: 2.4.1
     typescript: 4.8.4
     uplot: 1.6.24
@@ -22219,7 +22219,7 @@ __metadata:
     test: "link:./public/test"
     testing-library-selector: 0.2.1
     tether-drop: "https://github.com/torkelo/drop"
-    tinycolor2: 1.4.2
+    tinycolor2: 1.6.0
     ts-jest: 29.0.3
     ts-loader: 9.3.1
     ts-node: 10.9.1
@@ -37012,10 +37012,10 @@ __metadata:
   languageName: node
   linkType: hard
 
-"tinycolor2@npm:1.4.2":
-  version: 1.4.2
-  resolution: "tinycolor2@npm:1.4.2"
-  checksum: 57ed262e08815a4ab0ed933edafdbc6555a17081781766149813b44a080ecbe58b3ee281e81c0e75b42e4d41679f138cfa98eabf043f829e0683c04adb12c031
+"tinycolor2@npm:1.6.0":
+  version: 1.6.0
+  resolution: "tinycolor2@npm:1.6.0"
+  checksum: 6df4d07fceeedc0a878d7bac47e2cd47c1ceeb1078340a9eb8a295bc0651e17c750f73d47b3028d829f30b85c15e0572c0fd4142083e4c21a30a597e47f47230
   languageName: node
   linkType: hard