Yes, this is exactly what it is. Basically a KVM switch without the V. I've been using the display-switch software for months and it's fantastic. Using the inputs on the monitors to do the video switching instead of an external KVM switch means that you don't have to worry about finding a KVM switch that can handle the signal bandwidth required (in my case, three 4K60 HDR DisplayPort monitors, which is not a use case for which most KVM switches are designed).

This is the USB switch I use with it: https://www.iogear.com/product/GUS402/