diff --git a/docs/extras/modules/data_connection/caching_embeddings.ipynb b/docs/extras/modules/data_connection/caching_embeddings.ipynb
new file mode 100644
index 0000000000000..de549ea88b71b
--- /dev/null
+++ b/docs/extras/modules/data_connection/caching_embeddings.ipynb
@@ -0,0 +1,467 @@
+{
+ "cells": [
+  {
+   "cell_type": "markdown",
+   "id": "bf4061ce",
+   "metadata": {},
+   "source": [
+    "# Caching Embeddings\n",
+    "\n",
+    "Embeddings can be stored or temporarily cached to avoid needing to recompute them.\n",
+    "\n",
+    "Caching embeddings can be done using a `CacheBackedEmbedder`.\n",
+    "\n",
+    "The cache backed embedder is a wrapper around an embedder that caches\n",
+    "embeddings in a key-value store. \n",
+    "\n",
+    "The text is hashed and the hash is used as the key in the cache.\n",
+    "\n",
+    "\n",
+    "The main supported way to initialized a `CacheBackedEmbedder` is `from_bytes_store`. This takes in the following parameters:\n",
+    "\n",
+    "- underlying_embedder: The embedder to use for embedding.\n",
+    "- document_embedding_cache: The cache to use for storing document embeddings.\n",
+    "- namespace: (optional, defaults to `\"\"`) The namespace to use for document cache. This namespace is used to avoid collisions with other caches. For example, set it to the name of the embedding model used.\n",
+    "\n",
+    "**Attention**: Be sure to set the `namespace` parameter to avoid collisions of the same text embedded using different embeddings models."
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 1,
+   "id": "a463c3c2-749b-40d1-a433-84f68a1cd1c7",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [],
+   "source": [
+    "from langchain.embeddings import CacheBackedEmbedder\n",
+    "from langchain.storage import InMemoryStore\n",
+    "from langchain.storage import LocalFileStore\n",
+    "from langchain.embeddings import OpenAIEmbeddings"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "564c9801-29f0-4452-aeac-527382e2c0e8",
+   "metadata": {},
+   "source": [
+    "## In Memory\n",
+    "\n",
+    "This section shows how to set up an in memory cache for embeddings. This type of cache is primarily \n",
+    "useful for unit tests or prototyping. Do **not** use this cache if you need to actually store the embeddings."
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 2,
+   "id": "13bd1c5b-b7ba-4394-957c-7d5b5a841972",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [],
+   "source": [
+    "store = InMemoryStore()"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 3,
+   "id": "9d99885f-99e1-498c-904d-6db539ac9466",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [],
+   "source": [
+    "underlying_embedder = OpenAIEmbeddings()\n",
+    "embedder = CacheBackedEmbedder.from_bytes_store(\n",
+    "    underlying_embedder, store, namespace=underlying_embedder.model\n",
+    ")"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 4,
+   "id": "682eb5d4-0b7a-4dac-b8fb-3de4ca6e421c",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [
+    {
+     "name": "stdout",
+     "output_type": "stream",
+     "text": [
+      "CPU times: user 405 ms, sys: 32.9 ms, total: 438 ms\n",
+      "Wall time: 715 ms\n"
+     ]
+    }
+   ],
+   "source": [
+    "%%time\n",
+    "embeddings = embedder.embed_documents([\"hello\", \"goodbye\"])"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "95233026-147f-49d1-bd87-e1e8b88ebdbc",
+   "metadata": {},
+   "source": [
+    "The second time we try to embed the embedding time is only 2 ms because the embeddings are looked up in the cache."
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 5,
+   "id": "f819c3ff-a212-4d06-a5f7-5eb1435c1feb",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [
+    {
+     "name": "stdout",
+     "output_type": "stream",
+     "text": [
+      "CPU times: user 1.55 ms, sys: 436 µs, total: 1.99 ms\n",
+      "Wall time: 1.99 ms\n"
+     ]
+    }
+   ],
+   "source": [
+    "%%time\n",
+    "embeddings_from_cache = embedder.embed_documents([\"hello\", \"goodbye\"])"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 6,
+   "id": "ec38fb72-90a9-4687-a483-c62c87d1f4dd",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [
+    {
+     "data": {
+      "text/plain": [
+       "True"
+      ]
+     },
+     "execution_count": 6,
+     "metadata": {},
+     "output_type": "execute_result"
+    }
+   ],
+   "source": [
+    "embeddings == embeddings_from_cache"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "f6cbe100-8587-4830-b207-fb8b524a9854",
+   "metadata": {},
+   "source": [
+    "## File system\n",
+    "\n",
+    "This section covers how to use a file system store"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 7,
+   "id": "a0070271-0809-4528-97e0-2a88216846f3",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [],
+   "source": [
+    "fs = LocalFileStore(\"./cache/\")"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 8,
+   "id": "0b20e9fe-f57f-4d7c-9f81-105c5f8726f4",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [],
+   "source": [
+    "embedder2 = CacheBackedEmbedder.from_bytes_store(\n",
+    "    underlying_embedder, fs, namespace=underlying_embedder.model\n",
+    ")"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 9,
+   "id": "630515fd-bf5c-4d9c-a404-9705308f3a2c",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [
+    {
+     "name": "stdout",
+     "output_type": "stream",
+     "text": [
+      "CPU times: user 10.5 ms, sys: 988 µs, total: 11.5 ms\n",
+      "Wall time: 220 ms\n"
+     ]
+    }
+   ],
+   "source": [
+    "%%time\n",
+    "embeddings = embedder2.embed_documents([\"hello\", \"goodbye\"])"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 10,
+   "id": "30e6bb87-42c9-4d08-88ac-0d22c9c449a1",
+   "metadata": {
+    "tags": []
+   },
+   "outputs": [
+    {
+     "name": "stdout",
+     "output_type": "stream",
+     "text": [
+      "CPU times: user 3.49 ms, sys: 0 ns, total: 3.49 ms\n",
+      "Wall time: 3.03 ms\n"
+     ]
+    }
+   ],
+   "source": [
+    "%%time\n",
+    "embeddings = embedder2.embed_documents([\"hello\", \"goodbye\"])"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "12ed5a45-8352-4e0f-8583-5537397f53c0",
+   "metadata": {},
+   "source": [
+    "Here are the embeddings that have been persisted to the directory `./cache`. \n",
+    "\n",
+    "Notice that the embedder takes a namespace parameter."
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 11,
+   "id": "658e2914-05e9-44a3-a8fe-3fe17ca84039",
+   "metadata": {},
+   "outputs": [
+    {
+     "data": {
+      "text/plain": [
+       "['text-embedding-ada-002e885db5b-c0bd-5fbc-88b1-4d1da6020aa5',\n",
+       " 'text-embedding-ada-0026ba52e44-59c9-5cc9-a084-284061b13c80']"
+      ]
+     },
+     "execution_count": 11,
+     "metadata": {},
+     "output_type": "execute_result"
+    }
+   ],
+   "source": [
+    "list(fs.yield_keys())"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "c67f8e97-4851-4e26-ab6f-3418b0188dc4",
+   "metadata": {},
+   "source": [
+    "## Using with a vectorstore\n",
+    "\n",
+    "Let's see this cache in action with the FAISS vectorstore."
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 12,
+   "id": "9e4314d8-88ef-4f52-81ae-0be771168bb6",
+   "metadata": {},
+   "outputs": [],
+   "source": [
+    "from langchain.document_loaders import TextLoader\n",
+    "from langchain.embeddings.openai import OpenAIEmbeddings\n",
+    "from langchain.text_splitter import CharacterTextSplitter\n",
+    "from langchain.vectorstores import FAISS"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 13,
+   "id": "30743664-38f5-425d-8216-772b64e7f348",
+   "metadata": {},
+   "outputs": [],
+   "source": [
+    "fs = LocalFileStore(\"./cache/\")\n",
+    "\n",
+    "cached_embedder = CacheBackedEmbedder.from_bytes_store(\n",
+    "    OpenAIEmbeddings(), fs, namespace=underlying_embedder.model\n",
+    ")"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "06a6f305-724f-4b71-adef-be0169f61381",
+   "metadata": {},
+   "source": [
+    "The cache is empty prior to embedding"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 14,
+   "id": "f9ad627f-ced2-4277-b336-2434f22f2c8a",
+   "metadata": {},
+   "outputs": [
+    {
+     "data": {
+      "text/plain": [
+       "['text-embedding-ada-002e885db5b-c0bd-5fbc-88b1-4d1da6020aa5',\n",
+       " 'text-embedding-ada-0026ba52e44-59c9-5cc9-a084-284061b13c80']"
+      ]
+     },
+     "execution_count": 14,
+     "metadata": {},
+     "output_type": "execute_result"
+    }
+   ],
+   "source": [
+    "list(fs.yield_keys())"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "5814aa9c-e8e4-4079-accf-53c49615971e",
+   "metadata": {},
+   "source": [
+    "Load the document, split it into chunks, embed each chunk and load it into the vector store."
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 16,
+   "id": "cf958ac2-e60e-4668-b32c-8bb2d78b3c61",
+   "metadata": {},
+   "outputs": [],
+   "source": [
+    "raw_documents = TextLoader(\"../state_of_the_union.txt\").load()\n",
+    "text_splitter = CharacterTextSplitter(chunk_size=1000, chunk_overlap=0)\n",
+    "documents = text_splitter.split_documents(raw_documents)"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "fc433fec-ab64-4f11-ae8b-fc3dd76cd79a",
+   "metadata": {},
+   "source": [
+    "create the vectorstore"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 17,
+   "id": "3a1d7bb8-3b72-4bb5-9013-cf7729caca61",
+   "metadata": {},
+   "outputs": [
+    {
+     "name": "stdout",
+     "output_type": "stream",
+     "text": [
+      "CPU times: user 124 ms, sys: 22.6 ms, total: 146 ms\n",
+      "Wall time: 832 ms\n"
+     ]
+    }
+   ],
+   "source": [
+    "%%time\n",
+    "db = FAISS.from_documents(documents, cached_embedder)"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "c94a734c-fa66-40ce-8610-12b00b7df334",
+   "metadata": {},
+   "source": [
+    "If we try to create the vectostore again, it'll be much faster since it does not need to re-compute any embeddings."
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 18,
+   "id": "714cb2e2-77ba-41a8-bb83-84e75342af2d",
+   "metadata": {},
+   "outputs": [
+    {
+     "name": "stdout",
+     "output_type": "stream",
+     "text": [
+      "CPU times: user 32.9 ms, sys: 286 µs, total: 33.2 ms\n",
+      "Wall time: 32.5 ms\n"
+     ]
+    }
+   ],
+   "source": [
+    "%%time\n",
+    "db2 = FAISS.from_documents(documents, cached_embedder)"
+   ]
+  },
+  {
+   "cell_type": "markdown",
+   "id": "93d37b2a-5406-4e2c-b786-869e2430d19d",
+   "metadata": {},
+   "source": [
+    "And here are some of the embeddings that got created:"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 19,
+   "id": "f2ca32dd-3712-4093-942b-4122f3dc8a8e",
+   "metadata": {},
+   "outputs": [
+    {
+     "data": {
+      "text/plain": [
+       "['text-embedding-ada-002614d7cf6-46f1-52fa-9d3a-740c39e7a20e',\n",
+       " 'text-embedding-ada-0020fc1ede2-407a-5e14-8f8f-5642214263f5',\n",
+       " 'text-embedding-ada-002e885db5b-c0bd-5fbc-88b1-4d1da6020aa5',\n",
+       " 'text-embedding-ada-002e4ad20ef-dfaa-5916-9459-f90c6d8e8159',\n",
+       " 'text-embedding-ada-002a5ef11e4-0474-5725-8d80-81c91943b37f']"
+      ]
+     },
+     "execution_count": 19,
+     "metadata": {},
+     "output_type": "execute_result"
+    }
+   ],
+   "source": [
+    "list(fs.yield_keys())[:5]"
+   ]
+  }
+ ],
+ "metadata": {
+  "kernelspec": {
+   "display_name": "Python 3 (ipykernel)",
+   "language": "python",
+   "name": "python3"
+  },
+  "language_info": {
+   "codemirror_mode": {
+    "name": "ipython",
+    "version": 3
+   },
+   "file_extension": ".py",
+   "mimetype": "text/x-python",
+   "name": "python",
+   "nbconvert_exporter": "python",
+   "pygments_lexer": "ipython3",
+   "version": "3.9.10"
+  }
+ },
+ "nbformat": 4,
+ "nbformat_minor": 5
+}
diff --git a/libs/langchain/langchain/embeddings/__init__.py b/libs/langchain/langchain/embeddings/__init__.py
index f81d1e1173101..1c03d2c4042b3 100644
--- a/libs/langchain/langchain/embeddings/__init__.py
+++ b/libs/langchain/langchain/embeddings/__init__.py
@@ -20,6 +20,7 @@
 )
 from langchain.embeddings.awa import AwaEmbeddings
 from langchain.embeddings.bedrock import BedrockEmbeddings
+from langchain.embeddings.cache import CacheBackedEmbeddings
 from langchain.embeddings.clarifai import ClarifaiEmbeddings
 from langchain.embeddings.cohere import CohereEmbeddings
 from langchain.embeddings.dashscope import DashScopeEmbeddings
@@ -62,10 +63,11 @@
 
 __all__ = [
     "OpenAIEmbeddings",
-    "HuggingFaceEmbeddings",
-    "CohereEmbeddings",
+    "CacheBackedEmbeddings",
     "ClarifaiEmbeddings",
+    "CohereEmbeddings",
     "ElasticsearchEmbeddings",
+    "HuggingFaceEmbeddings",
     "JinaEmbeddings",
     "LlamaCppEmbeddings",
     "HuggingFaceHubEmbeddings",
diff --git a/libs/langchain/langchain/embeddings/cache.py b/libs/langchain/langchain/embeddings/cache.py
new file mode 100644
index 0000000000000..f3833e0fe9f08
--- /dev/null
+++ b/libs/langchain/langchain/embeddings/cache.py
@@ -0,0 +1,175 @@
+"""Module contains code for a cache backed embedder.
+
+The cache backed embedder is a wrapper around an embedder that caches
+embeddings in a key-value store. The cache is used to avoid recomputing
+embeddings for the same text.
+
+The text is hashed and the hash is used as the key in the cache.
+"""
+from __future__ import annotations
+
+import hashlib
+import json
+import uuid
+from functools import partial
+from typing import Callable, List, Sequence, Union, cast
+
+from langchain.embeddings.base import Embeddings
+from langchain.schema import BaseStore
+from langchain.storage.encoder_backed import EncoderBackedStore
+
+NAMESPACE_UUID = uuid.UUID(int=1985)
+
+
+def _hash_string_to_uuid(input_string: str) -> uuid.UUID:
+    """Hash a string and returns the corresponding UUID."""
+    hash_value = hashlib.sha1(input_string.encode("utf-8")).hexdigest()
+    return uuid.uuid5(NAMESPACE_UUID, hash_value)
+
+
+def _key_encoder(key: str, namespace: str) -> str:
+    """Encode a key."""
+    return namespace + str(_hash_string_to_uuid(key))
+
+
+def _create_key_encoder(namespace: str) -> Callable[[str], str]:
+    """Create an encoder for a key."""
+    return partial(_key_encoder, namespace=namespace)
+
+
+def _value_serializer(value: Sequence[float]) -> bytes:
+    """Serialize a value."""
+    return json.dumps(value).encode()
+
+
+def _value_deserializer(serialized_value: bytes) -> List[float]:
+    """Deserialize a value."""
+    return cast(List[float], json.loads(serialized_value.decode()))
+
+
+class CacheBackedEmbeddings(Embeddings):
+    """Interface for caching results from embedding models.
+
+    The interface allows works with any store that implements
+    the abstract store interface accepting keys of type str and values of list of
+    floats.
+
+    If need be, the interface can be extended to accept other implementations
+    of the value serializer and deserializer, as well as the key encoder.
+
+    Examples:
+
+        ..code-block:: python
+
+            from langchain.embeddings import CacheBackedEmbeddings, OpenAIEmbeddings
+            from langchain.storage import LocalFileStore
+
+            store = LocalFileStore('./my_cache')
+
+            underlying_embedder = OpenAIEmbeddings()
+            embedder = CacheBackedEmbeddings.from_bytes_store(
+                underlying_embedder, store, namespace=underlying_embedder.model
+            )
+
+            # Embedding is computed and cached
+            embeddings = embedder.embed_documents(["hello", "goodbye"])
+
+            # Embeddings are retrieved from the cache, no computation is done
+            embeddings = embedder.embed_documents(["hello", "goodbye"])
+    """
+
+    def __init__(
+        self,
+        underlying_embeddings: Embeddings,
+        document_embedding_store: BaseStore[str, List[float]],
+    ) -> None:
+        """Initialize the embedder.
+
+        Args:
+            underlying_embeddings: the embedder to use for computing embeddings.
+            document_embedding_store: The store to use for caching document embeddings.
+        """
+        super().__init__()
+        self.document_embedding_store = document_embedding_store
+        self.underlying_embeddings = underlying_embeddings
+
+    def embed_documents(self, texts: List[str]) -> List[List[float]]:
+        """Embed a list of texts.
+
+        The method first checks the cache for the embeddings.
+        If the embeddings are not found, the method uses the underlying embedder
+        to embed the documents and stores the results in the cache.
+
+        Args:
+            texts: A list of texts to embed.
+
+        Returns:
+            A list of embeddings for the given texts.
+        """
+        vectors: List[Union[List[float], None]] = self.document_embedding_store.mget(
+            texts
+        )
+        missing_indices: List[int] = [
+            i for i, vector in enumerate(vectors) if vector is None
+        ]
+        missing_texts = [texts[i] for i in missing_indices]
+
+        if missing_texts:
+            missing_vectors = self.underlying_embeddings.embed_documents(missing_texts)
+            self.document_embedding_store.mset(
+                list(zip(missing_texts, missing_vectors))
+            )
+            for index, updated_vector in zip(missing_indices, missing_vectors):
+                vectors[index] = updated_vector
+
+        return cast(
+            List[List[float]], vectors
+        )  # Nones should have been resolved by now
+
+    def embed_query(self, text: str) -> List[float]:
+        """Embed query text.
+
+        This method does not support caching at the moment.
+
+        Support for caching queries is easily to implement, but might make
+        sense to hold off to see the most common patterns.
+
+        If the cache has an eviction policy, we may need to be a bit more careful
+        about sharing the cache between documents and queries. Generally,
+        one is OK evicting query caches, but document caches should be kept.
+
+        Args:
+            text: The text to embed.
+
+        Returns:
+            The embedding for the given text.
+        """
+        return self.underlying_embeddings.embed_query(text)
+
+    @classmethod
+    def from_bytes_store(
+        cls,
+        underlying_embeddings: Embeddings,
+        document_embedding_cache: BaseStore[str, bytes],
+        *,
+        namespace: str = "",
+    ) -> CacheBackedEmbeddings:
+        """On-ramp that adds the necessary serialization and encoding to the store.
+
+        Args:
+            underlying_embeddings: The embedder to use for embedding.
+            document_embedding_cache: The cache to use for storing document embeddings.
+            *,
+            namespace: The namespace to use for document cache.
+                       This namespace is used to avoid collisions with other caches.
+                       For example, set it to the name of the embedding model used.
+        """
+        namespace = namespace
+        key_encoder = _create_key_encoder(namespace)
+        encoder_backed_store = EncoderBackedStore[str, List[float]](
+            document_embedding_cache,
+            key_encoder,
+            _value_serializer,
+            _value_deserializer,
+        )
+        return cls(underlying_embeddings, encoder_backed_store)
diff --git a/libs/langchain/tests/unit_tests/embeddings/test_caching.py b/libs/langchain/tests/unit_tests/embeddings/test_caching.py
new file mode 100644
index 0000000000000..0b2a1096db730
--- /dev/null
+++ b/libs/langchain/tests/unit_tests/embeddings/test_caching.py
@@ -0,0 +1,49 @@
+"""Embeddings tests."""
+from typing import List
+
+import pytest
+
+from langchain.embeddings import CacheBackedEmbeddings
+from langchain.embeddings.base import Embeddings
+from langchain.storage.in_memory import InMemoryStore
+
+
+class MockEmbeddings(Embeddings):
+    def embed_documents(self, texts: List[str]) -> List[List[float]]:
+        # Simulate embedding documents
+        embeddings: List[List[float]] = []
+        for text in texts:
+            embeddings.append([len(text), len(text) + 1])
+        return embeddings
+
+    def embed_query(self, text: str) -> List[float]:
+        # Simulate embedding a query
+        return [5.0, 6.0]
+
+
+@pytest.fixture
+def cache_embeddings() -> CacheBackedEmbeddings:
+    """Create a cache backed embeddings."""
+    store = InMemoryStore()
+    embeddings = MockEmbeddings()
+    return CacheBackedEmbeddings.from_bytes_store(
+        embeddings, store, namespace="test_namespace"
+    )
+
+
+def test_embed_documents(cache_embeddings: CacheBackedEmbeddings) -> None:
+    texts = ["1", "22", "a", "333"]
+    vectors = cache_embeddings.embed_documents(texts)
+    expected_vectors: List[List[float]] = [[1, 2.0], [2.0, 3.0], [1.0, 2.0], [3.0, 4.0]]
+    assert vectors == expected_vectors
+    keys = list(cache_embeddings.document_embedding_store.yield_keys())
+    assert len(keys) == 4
+    # UUID is expected to be the same for the same text
+    assert keys[0] == "test_namespace812b86c1-8ebf-5483-95c6-c95cf2b52d12"
+
+
+def test_embed_query(cache_embeddings: CacheBackedEmbeddings) -> None:
+    text = "query_text"
+    vector = cache_embeddings.embed_query(text)
+    expected_vector = [5.0, 6.0]
+    assert vector == expected_vector