Yes and no. You can use multiple remote engines at the same time (I just tried it). You cannot 'slave' them together though so that they go 'deeper' than just using one.
Both engines will analyze the specific position. They do not share their hash table. They do not share any data between the engines. They will only analyze completely separate (they are not going to be stronger than their individual parts). Having more than one cloud engine could be helpful if say you wanted to use Komodo and Stockfish to analyze a game to see if there are differences in what they find or recommend.
One thing I don't understand about Engine Cloud... can you use multiple remote engines at once? I have a couple of middle of the road computers at my house that idle all day that I wouldn't mind hurling at the cloud, but frankly they're only useful if you could slave many of 'em together to work on a problem at once.
Is this possible? Has anyone tried it?