It looks like both co-founders are engineers (or technical, at least), maybe they just want additional help and are offering a "founder" title in return for the risk of joining such a young startup?
http://algorithmia.com/about
We are looking to put together a strong core team to deliver our vision. Both myself and specially my cofounder are engineers and code constantly. We are looking for like minded folks with a true passion for state of the art algorithms to join this team.