diff --git a/common.gypi b/common.gypi
index b23898301a4898..4dfbdfac061887 100644
--- a/common.gypi
+++ b/common.gypi
@@ -35,7 +35,7 @@
 
     # Reset this number to 0 on major V8 upgrades.
     # Increment by one for each non-official patch applied to deps/v8.
-    'v8_embedder_string': '-node.13',
+    'v8_embedder_string': '-node.14',
 
     ##### V8 defaults for Node.js #####
 
diff --git a/deps/v8/include/v8-internal.h b/deps/v8/include/v8-internal.h
index 876408ebba98f9..52ee403f526d06 100644
--- a/deps/v8/include/v8-internal.h
+++ b/deps/v8/include/v8-internal.h
@@ -106,6 +106,10 @@ const int kApiTaggedSize = kApiInt32Size;
 const int kApiTaggedSize = kApiSystemPointerSize;
 #endif
 
+constexpr bool PointerCompressionIsEnabled() {
+  return kApiTaggedSize != kApiSystemPointerSize;
+}
+
 #ifdef V8_31BIT_SMIS_ON_64BIT_ARCH
 using PlatformSmiTagging = SmiTagging<kApiInt32Size>;
 #else
diff --git a/deps/v8/include/v8.h b/deps/v8/include/v8.h
index 13724930103db1..9a58ef8720c4b4 100644
--- a/deps/v8/include/v8.h
+++ b/deps/v8/include/v8.h
@@ -9530,7 +9530,12 @@ class V8_EXPORT V8 {
    * Initializes V8. This function needs to be called before the first Isolate
    * is created. It always returns true.
    */
-  static bool Initialize();
+  V8_INLINE static bool Initialize() {
+    const int kBuildConfiguration =
+        (internal::PointerCompressionIsEnabled() ? kPointerCompression : 0) |
+        (internal::SmiValuesAre31Bits() ? k31BitSmis : 0);
+    return Initialize(kBuildConfiguration);
+  }
 
   /**
    * Allows the host application to provide a callback which can be used
@@ -9664,6 +9669,17 @@ class V8_EXPORT V8 {
  private:
   V8();
 
+  enum BuildConfigurationFeatures {
+    kPointerCompression = 1 << 0,
+    k31BitSmis = 1 << 1,
+  };
+
+  /**
+   * Checks that the embedder build configuration is compatible with
+   * the V8 binary and if so initializes V8.
+   */
+  static bool Initialize(int build_config);
+
   static internal::Address* GlobalizeReference(internal::Isolate* isolate,
                                                internal::Address* handle);
   static internal::Address* GlobalizeTracedReference(internal::Isolate* isolate,
diff --git a/deps/v8/src/api/api.cc b/deps/v8/src/api/api.cc
index 7fe974de24e8db..dac9e97b1ba121 100644
--- a/deps/v8/src/api/api.cc
+++ b/deps/v8/src/api/api.cc
@@ -5652,7 +5652,25 @@ void v8::V8::InitializePlatform(Platform* platform) {
 
 void v8::V8::ShutdownPlatform() { i::V8::ShutdownPlatform(); }
 
-bool v8::V8::Initialize() {
+bool v8::V8::Initialize(const int build_config) {
+  const bool kEmbedderPointerCompression =
+      (build_config & kPointerCompression) != 0;
+  if (kEmbedderPointerCompression != COMPRESS_POINTERS_BOOL) {
+    FATAL(
+        "Embedder-vs-V8 build configuration mismatch. On embedder side "
+        "pointer compression is %s while on V8 side it's %s.",
+        kEmbedderPointerCompression ? "ENABLED" : "DISABLED",
+        COMPRESS_POINTERS_BOOL ? "ENABLED" : "DISABLED");
+  }
+
+  const int kEmbedderSmiValueSize = (build_config & k31BitSmis) ? 31 : 32;
+  if (kEmbedderSmiValueSize != internal::kSmiValueSize) {
+    FATAL(
+        "Embedder-vs-V8 build configuration mismatch. On embedder side "
+        "Smi value size is %d while on V8 side it's %d.",
+        kEmbedderSmiValueSize, internal::kSmiValueSize);
+  }
+
   i::V8::Initialize();
   return true;
 }