At Knewton, we'll cover expenses for anything that might be useful for getting your work done. In my case, that means attending SciPy 2012 last week and learning about tools (scikit-learn, Cython, Numpy/Scipy) that will help me prototype and explore various models, as well as speed up our production Python code.
That's just one example, of course. Our head of infrastructure (@dzwieback) attends various systems engineering and DevOps conferences, and other members of the adaptive learning team attend data conferences (Strata, for example).