Job Opportunity Gone, Should I reply?

Recently, I had multiple job interviews with 3 different people at the company. It was very very close to getting the job offer. Spent 1 month interviewing with this company. Today, I finally receive an email telling me I am no longer considered for the position. It was me against another candidate. Should I reply back and thank them for their time and consideration? Should I write 1-2 sentences? or ignore them and move forward? This is a great company though.

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