Sorry cupcakes, you are just plain wrong on this one. Auto bracketing _does_ take multiple exposures in succession, and has done since the "auto" first got added to "bracketing" with the combination of electronic exposure controls and motor drives in film cameras in the late '70s.
What imsense have done isn't magic "recreation" of images by the camera, but if they have worked out multi-exposure on the iphone camera to use a fast enough shutter and short enough interval between exposures to make hand-held auto-bracketing practical for HDR, this is a worhwhile achievement.
Actually, it is you that are wrong. As far as my camera is concerned using auto bracketing takes ONE exposure. It is very easy to test this, as I have just done, by shooting a moving car.
It is in the same position in each photo, it's just at different exposures.
If I shoot in RAW, each exposure within the bracket is a RAW file too.
Like I said before I don't have an iphone so I don't know about what tech they are using......