These are the terms on which Sift intends to be offered: what the service does, what it commits to, what it asks of you, and where its limits are. It is written to be read, so it says "we" and "you" and avoids clauses that exist only to look like clauses.
It is also unfinished. The parts that describe the software are accurate. The parts a contract normally leans on — liability, warranties, governing law, refunds — are not drafted, on purpose, and are listed at the end for the operator's lawyer to write.