diff --git a/Gopkg.lock b/Gopkg.lock
index f6da0727..7f964899 100644
--- a/Gopkg.lock
+++ b/Gopkg.lock
@@ -927,7 +927,7 @@
 
 [[projects]]
   branch = "master"
-  digest = "1:5dddb45857ff59292216934b6f39415befab65246afac26ba14976e3ec11a343"
+  digest = "1:4ede44d732fec3c64776a5ec3897efc2b5fbd42dd014f9bde56e69f3bece21e1"
   name = "knative.dev/pkg"
   packages = [
     "apis",
@@ -946,7 +946,7 @@
     "metrics/metricskey",
   ]
   pruneopts = "T"
-  revision = "9f6e5334c25aeebd862b19cb6715f9fe5aa56467"
+  revision = "366ab85660d4e1c260795bd23c2aa09a4721c282"
 
 [[projects]]
   branch = "master"
@@ -957,7 +957,7 @@
     "tools/dep-collector",
   ]
   pruneopts = "UT"
-  revision = "d2746f8b9470e8c8452a997e95190aba5320678a"
+  revision = "d7182fdc8d03f19b78b96e4aa3e94d831facf4d0"
 
 [solve-meta]
   analyzer-name = "dep"
diff --git a/vendor/knative.dev/pkg/Gopkg.lock b/vendor/knative.dev/pkg/Gopkg.lock
index b37b2eb4..6659710e 100644
--- a/vendor/knative.dev/pkg/Gopkg.lock
+++ b/vendor/knative.dev/pkg/Gopkg.lock
@@ -1217,14 +1217,14 @@
 
 [[projects]]
   branch = "master"
-  digest = "1:305af75fc194c059ae710a75276ca8f1870c959214b18ed33f7ef8671995947f"
+  digest = "1:a68a49f889453ee0abab8d32ceaa19c12a1e86c7919e9cecb3d5ceac6aac199c"
   name = "knative.dev/test-infra"
   packages = [
     "scripts",
     "tools/dep-collector",
   ]
   pruneopts = "UT"
-  revision = "f3fe0bcc30693df8e3c9616358b16045efb9ed10"
+  revision = "d2746f8b9470e8c8452a997e95190aba5320678a"
 
 [[projects]]
   digest = "1:8730e0150dfb2b7e173890c8b9868e7a273082ef8e39f4940e3506a481cf895c"
diff --git a/vendor/knative.dev/pkg/apis/url.go b/vendor/knative.dev/pkg/apis/url.go
index 0ff8ea05..181685cd 100644
--- a/vendor/knative.dev/pkg/apis/url.go
+++ b/vendor/knative.dev/pkg/apis/url.go
@@ -57,11 +57,14 @@ func (u *URL) UnmarshalJSON(b []byte) error {
 	if err := json.Unmarshal(b, &ref); err != nil {
 		return err
 	}
-	r, err := ParseURL(ref)
-	if err != nil {
+	if r, err := ParseURL(ref); err != nil {
 		return err
+	} else if r != nil {
+		*u = *r
+	} else {
+		*u = URL{}
 	}
-	*u = *r
+
 	return nil
 }
 
diff --git a/vendor/knative.dev/pkg/configmap/informed_watcher.go b/vendor/knative.dev/pkg/configmap/informed_watcher.go
index 5903d59d..ed247ae1 100644
--- a/vendor/knative.dev/pkg/configmap/informed_watcher.go
+++ b/vendor/knative.dev/pkg/configmap/informed_watcher.go
@@ -79,7 +79,7 @@ var _ Watcher = (*InformedWatcher)(nil)
 var _ DefaultingWatcher = (*InformedWatcher)(nil)
 
 // WatchWithDefault implements DefaultingWatcher.
-func (i *InformedWatcher) WatchWithDefault(cm corev1.ConfigMap, o Observer) {
+func (i *InformedWatcher) WatchWithDefault(cm corev1.ConfigMap, o ...Observer) {
 	i.defaults[cm.Name] = &cm
 
 	i.m.Lock()
@@ -94,7 +94,7 @@ func (i *InformedWatcher) WatchWithDefault(cm corev1.ConfigMap, o Observer) {
 		panic("cannot WatchWithDefault after the InformedWatcher has started")
 	}
 
-	i.Watch(cm.Name, o)
+	i.Watch(cm.Name, o...)
 }
 
 // Start implements Watcher.
diff --git a/vendor/knative.dev/pkg/configmap/manual_watcher.go b/vendor/knative.dev/pkg/configmap/manual_watcher.go
index ad243de5..dc801e77 100644
--- a/vendor/knative.dev/pkg/configmap/manual_watcher.go
+++ b/vendor/knative.dev/pkg/configmap/manual_watcher.go
@@ -35,14 +35,14 @@ type ManualWatcher struct {
 var _ Watcher = (*ManualWatcher)(nil)
 
 // Watch implements Watcher
-func (w *ManualWatcher) Watch(name string, o Observer) {
+func (w *ManualWatcher) Watch(name string, o ...Observer) {
 	w.m.Lock()
 	defer w.m.Unlock()
 
 	if w.observers == nil {
-		w.observers = make(map[string][]Observer, 1)
+		w.observers = make(map[string][]Observer, len(o))
 	}
-	w.observers[name] = append(w.observers[name], o)
+	w.observers[name] = append(w.observers[name], o...)
 }
 
 func (w *ManualWatcher) Start(<-chan struct{}) error {
diff --git a/vendor/knative.dev/pkg/configmap/static_watcher.go b/vendor/knative.dev/pkg/configmap/static_watcher.go
index 96a01140..43ff9de3 100644
--- a/vendor/knative.dev/pkg/configmap/static_watcher.go
+++ b/vendor/knative.dev/pkg/configmap/static_watcher.go
@@ -48,10 +48,12 @@ type StaticWatcher struct {
 var _ Watcher = (*StaticWatcher)(nil)
 
 // Watch implements Watcher
-func (di *StaticWatcher) Watch(name string, o Observer) {
+func (di *StaticWatcher) Watch(name string, o ...Observer) {
 	cm, ok := di.cfgs[name]
 	if ok {
-		o(cm)
+		for _, observer := range o {
+			observer(cm)
+		}
 	} else {
 		panic(fmt.Sprintf("Tried to watch unknown config with name %q", name))
 	}
diff --git a/vendor/knative.dev/pkg/configmap/watcher.go b/vendor/knative.dev/pkg/configmap/watcher.go
index 71a18f49..ff703dbc 100644
--- a/vendor/knative.dev/pkg/configmap/watcher.go
+++ b/vendor/knative.dev/pkg/configmap/watcher.go
@@ -28,8 +28,8 @@ type Observer func(*corev1.ConfigMap)
 
 // Watcher defines the interface that a configmap implementation must implement.
 type Watcher interface {
-	// Watch is called to register a callback to be notified when a named ConfigMap changes.
-	Watch(string, Observer)
+	// Watch is called to register callbacks to be notified when a named ConfigMap changes.
+	Watch(string, ...Observer)
 
 	// Start is called to initiate the watches and provide a channel to signal when we should
 	// stop watching.  When Start returns, all registered Observers will be called with the
@@ -42,8 +42,8 @@ type Watcher interface {
 type DefaultingWatcher interface {
 	Watcher
 
-	// WatchWithDefault is called to register a callback to be notified when a named ConfigMap
+	// WatchWithDefault is called to register callbacks to be notified when a named ConfigMap
 	// changes. The provided default value is always observed before any real ConfigMap with that
 	// name is. If the real ConfigMap with that name is deleted, then the default value is observed.
-	WatchWithDefault(cm corev1.ConfigMap, o Observer)
+	WatchWithDefault(cm corev1.ConfigMap, o ...Observer)
 }
diff --git a/vendor/knative.dev/pkg/injection/sharedmain/main.go b/vendor/knative.dev/pkg/injection/sharedmain/main.go
index 47f32d44..e8e56048 100644
--- a/vendor/knative.dev/pkg/injection/sharedmain/main.go
+++ b/vendor/knative.dev/pkg/injection/sharedmain/main.go
@@ -21,10 +21,12 @@ import (
 	"flag"
 	"fmt"
 	"log"
+	"net/http"
 	"os"
 	"os/user"
 	"path/filepath"
 
+	"golang.org/x/sync/errgroup"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 	"k8s.io/client-go/rest"
 	"k8s.io/client-go/tools/clientcmd"
@@ -36,6 +38,7 @@ import (
 	"knative.dev/pkg/injection/clients/kubeclient"
 	"knative.dev/pkg/logging"
 	"knative.dev/pkg/metrics"
+	"knative.dev/pkg/profiling"
 	"knative.dev/pkg/signals"
 	"knative.dev/pkg/system"
 )
@@ -76,6 +79,7 @@ func GetLoggingConfig(ctx context.Context) (*logging.Config, error) {
 	if err != nil {
 		return nil, err
 	}
+
 	return logging.NewConfigFromConfigMap(loggingConfigMap)
 }
 
@@ -128,10 +132,16 @@ func MainWithConfig(ctx context.Context, component string, cfg *rest.Config, cto
 		controllers = append(controllers, cf(ctx, cmw))
 	}
 
+	profilingHandler := profiling.NewHandler(logger, false)
+
 	// Watch the logging config map and dynamically update logging levels.
 	cmw.Watch(logging.ConfigMapName(), logging.UpdateLevelFromConfigMap(logger, atomicLevel, component))
-	// Watch the observability config map and dynamically update metrics exporter.
-	cmw.Watch(metrics.ConfigMapName(), metrics.UpdateExporterFromConfigMap(component, logger))
+
+	// Watch the observability config map
+	cmw.Watch(metrics.ConfigMapName(),
+		metrics.UpdateExporterFromConfigMap(component, logger),
+		profilingHandler.UpdateFromConfigMap)
+
 	if err := cmw.Start(ctx.Done()); err != nil {
 		logger.Fatalw("failed to start configuration manager", zap.Error(err))
 	}
@@ -144,7 +154,22 @@ func MainWithConfig(ctx context.Context, component string, cfg *rest.Config, cto
 
 	// Start all of the controllers.
 	logger.Info("Starting controllers...")
-	controller.StartAll(ctx.Done(), controllers...)
+	go controller.StartAll(ctx.Done(), controllers...)
+
+	profilingServer := profiling.NewServer(profilingHandler)
+
+	eg, egCtx := errgroup.WithContext(ctx)
+	eg.Go(profilingServer.ListenAndServe)
+
+	// This will block until either a signal arrives or one of the grouped functions
+	// returns an error.
+	<-egCtx.Done()
+
+	profilingServer.Shutdown(context.Background())
+	// Don't forward ErrServerClosed as that indicates we're already shutting down.
+	if err := eg.Wait(); err != nil && err != http.ErrServerClosed {
+		logger.Errorw("Error while running server", zap.Error(err))
+	}
 }
 
 func flush(logger *zap.SugaredLogger) {
diff --git a/vendor/knative.dev/pkg/profiling/server.go b/vendor/knative.dev/pkg/profiling/server.go
new file mode 100644
index 00000000..1fa3cb46
--- /dev/null
+++ b/vendor/knative.dev/pkg/profiling/server.go
@@ -0,0 +1,114 @@
+/*
+Copyright 2019 The Knative Authors
+
+Licensed under the Apache License, Version 2.0 (the "License");
+you may not use this file except in compliance with the License.
+You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing, software
+distributed under the License is distributed on an "AS IS" BASIS,
+WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+See the License for the specific language governing permissions and
+limitations under the License.
+*/
+
+package profiling
+
+import (
+	"net/http"
+	"net/http/pprof"
+	"strconv"
+	"sync"
+
+	perrors "github.com/pkg/errors"
+	"go.uber.org/zap"
+	corev1 "k8s.io/api/core/v1"
+)
+
+const (
+	// profilingPort is the port where we expose profiling information if profiling is enabled
+	profilingPort = ":8008"
+
+	// profilingKey is the name of the key in config-observability config map that indicates whether profiling
+	// is enabled of disabled
+	profilingKey = "profiling.enable"
+)
+
+// Handler holds the main HTTP handler and a flag indicating
+// whether the handler is active
+type Handler struct {
+	enabled    bool
+	enabledMux sync.Mutex
+	handler    http.Handler
+	log        *zap.SugaredLogger
+}
+
+// NewHandler create a new ProfilingHandler which serves runtime profiling data
+// according to the given context path
+func NewHandler(logger *zap.SugaredLogger, enableProfiling bool) *Handler {
+	const pprofPrefix = "/debug/pprof/"
+
+	mux := http.NewServeMux()
+	mux.HandleFunc(pprofPrefix, pprof.Index)
+	mux.HandleFunc(pprofPrefix+"cmdline", pprof.Cmdline)
+	mux.HandleFunc(pprofPrefix+"profile", pprof.Profile)
+	mux.HandleFunc(pprofPrefix+"symbol", pprof.Symbol)
+	mux.HandleFunc(pprofPrefix+"trace", pprof.Trace)
+
+	logger.Infof("Profiling enabled: %t", enableProfiling)
+
+	return &Handler{
+		enabled: enableProfiling,
+		handler: mux,
+		log:     logger,
+	}
+}
+
+func (h *Handler) ServeHTTP(w http.ResponseWriter, r *http.Request) {
+	h.enabledMux.Lock()
+	defer h.enabledMux.Unlock()
+	if h.enabled {
+		h.handler.ServeHTTP(w, r)
+	} else {
+		http.NotFoundHandler().ServeHTTP(w, r)
+	}
+}
+
+func readProfilingFlag(configMap *corev1.ConfigMap) (bool, error) {
+	profiling, ok := configMap.Data[profilingKey]
+	if !ok {
+		return false, nil
+	}
+	enabled, err := strconv.ParseBool(profiling)
+	if err != nil {
+		return false, perrors.Wrapf(err, "failed to parse the profiling flag")
+	}
+	return enabled, nil
+}
+
+// UpdateFromConfigMap modifies the Enabled flag in the Handler
+// according to the value in the given ConfigMap
+func (h *Handler) UpdateFromConfigMap(configMap *corev1.ConfigMap) {
+	enabled, err := readProfilingFlag(configMap)
+	if err != nil {
+		h.log.Errorw("Failed to update the profiling flag", zap.Error(err))
+		return
+	}
+	h.enabledMux.Lock()
+	defer h.enabledMux.Unlock()
+	if h.enabled != enabled {
+		h.enabled = enabled
+		h.log.Infof("Profiling enabled: %t", h.enabled)
+	}
+}
+
+// NewServer creates a new http server that exposes profiling data using the
+// HTTP handler that is passed as an argument
+func NewServer(handler http.Handler) *http.Server {
+	return &http.Server{
+		Addr:    profilingPort,
+		Handler: handler,
+	}
+}
diff --git a/vendor/knative.dev/pkg/test/mako/README.md b/vendor/knative.dev/pkg/test/mako/README.md
index 1bc749fe..dbb48b56 100644
--- a/vendor/knative.dev/pkg/test/mako/README.md
+++ b/vendor/knative.dev/pkg/test/mako/README.md
@@ -1,7 +1,8 @@
 # Mako
 
-[Mako](https://github.com/google/mako) is an open source project for performance testing in Knative.
-It offers capacities like data storage, charting, statistical aggregation and automated regression analysis.
+[Mako](https://github.com/google/mako) is an open source project for performance
+testing in Knative. It offers capacities like data storage, charting,
+statistical aggregation and automated regression analysis.
 
-This folder contains common code that can be used by all Knative projects, with which we can follow the
-same process to set up Mako and collaborate.
+This folder contains common code that can be used by all Knative projects, with
+which we can follow the same process to set up Mako and collaborate.